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TDUX
Sep 14 - 03:55 AM

GBP/USD - Weighed Down By Hawkish Shift In Fed Expectations

By Robert Howard  —  Sep 14 - 02:34 AM

• Cable falls to 1.3488 as hawkish shift in Fed expectations buoys USD

• Fed meeting starts Tuesday. Safe-haven dollar also benefits from higher oil prices

• 1.3479 was Friday low as USD rose on hotter than expected 0.3% US core CPI print

• Friday low was four pips shy of Sept 2 low. 1.3535 was rally high from 1.3479

• UK PM Burnham to meet business leaders on Monday to discuss growth

• CFTC data: net GBP short rose 18% to 58,836 contracts in week to Sept 8

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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