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TDUX
Sep 09 - 06:55 AM

GBP/USD - Retreats From 1-1/2 Week Peak As Brent Hits $100

By Robert Howard  —  Sep 09 - 05:43 AM

• Cable falls from 1.3566 to 1.3541 as Brent crude hits $100/barrel

• 1.3541 is fractionally fresh intra-day low (1.35415 was Asia low)

• Two and five-year gilt yields rise to one-week high on $100 oil price

• 1.3566 is high since August 28 (when USD rose on hawkish Warsh)

• Rise to 1.3566 influenced by Bessent's "I am the house now" boast

• UK food price inflation to rise above 6% next year, industry body says

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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