By Rob Howard — Sep 27 - 03:10 AM
Cable gravitates towards 1.3370 option expiry after second fail by 1.3437
1.3434 was Thursday's new 30-month high (1.3437 was March 2022 peak)
Ascent to 1.3434 fuelled by global stock gains (pound is risk-sensitive)
1.3430 was Wednesday's high (before drop to 1.3314 on profit-take flow)
UK rethinking tax raid on foreign wealth, media reports say nL8N3L9097
US August core PCE data due at 1230 GMT; 0.2% MM is consensus forecast
Source:
Refinitiv IFR Research/Market Commentary