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TDUX
Sep 16 - 01:55 AM

GBP/USD - Trades In Tight Range Ahead Of Event Risks

By Krishna Kumar  —  Sep 15 - 11:53 PM

• GBP/USD steady as markets brace for crucial Fed rate decision later Wed

• Probability of a Sep hike at 92%; FOMC statement and Warsh presser key

• Hawkish Fed outlook priced in, USD upside likely limited

• UK August inflation data due Wed; BoE expected to hold rates on Thursday

• UK food price inflation could hit nearly 7% in 2027- industry researcher

• Resistance 1.3535, 1.3560; support 1.3465-70, 1.3444-54, the 100 & 200-DMAs

• Tuesday range 1.34645-1.3501, Asia 1.3466-1.34805
GBP:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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