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Nov 12 - 07:55 AM

GBP/USD - Holds Sub-1.32 After Cain News And UK Sept GDP Miss

By Rob Howard  —  Nov 12 - 06:45 AM
  • Cable met headwind just shy of 1.32 after rallying off 1.3160 (two-day low)

  • Drop to 1.3160 was influenced by Cain resignation and UK Sept GDP miss

  • See: nL8N2HX7FPnL8N2HY264. 1.3160 = six pips shy of Tuesday's low

  • 1.3322 was Wednesday's 10-week high -- before GBP fell on EU-UK talks tip

  • See: nL1N2HY0QQ. 1.3119 (Monday's low) is a support point under 1.3150

  • BoE mulls yield curve control but sees no need for now - Bailey nL8N2HY39E

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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