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Sep 13 - 11:55 AM

GBP/USD - Respects Fibo After Two Cent Drop On U.S. CPI Data

By Rob Howard  —  Sep 13 - 09:50 AM
  • Cable elicited support around 1.1533 after two cent tumble on U.S. CPI data

  • See: nL1N30J1H4. 1.1533 = 61.8% Fibo of 1.1407 (37-year low) to 1.1738

  • Hot U.S. CPI data spurs hawkish shift in Fed expectations nS0N30D032

  • UST yields up too nL1N30K0XS. U.S. stocks tank nAQN1Q2ONLnAQN1Q2OFG

  • More GBP/USD bids expected around 1.1500 and 1.1464 (Sept 8 low)

  • UK still planning fiscal event this month - Truss spokesman nL8N30K2TZ

Source:
Refinitiv IFR Research/Market Commentary

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