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TDUX
Sep 30 - 06:55 AM
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GBP/USD - Rises To Eye 1.33 On UK Q2 GDP Upward Revision

By Robert Howard  —  Sep 30 - 06:30 AM

(corrects day in 3rd bullet)

• Cable climbs to 1.3295 as pound continues to benefit from UK data

• Q2 GDP upwardly revised to 0.5%; Q2 C/A deficit smaller than expected

• 1.3295 is one-week peak (1.3203 was Tuesday's three-month low)

• Offers likely around 1.3300 and 1.3322 (Sept 22 low)

• US PCE data due at 1230 GMT: 3.7% YY f/c; core f/c 3.3% YY

• BUZZ-Pound would jump at the chance of UK rejoining EU

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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