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TDUX
Aug 31 - 03:55 PM

GBP/USD - Shrugs Off Rising UST Yields Supported By Bruised 21-DMA At 1.3541

By Refinitiv  —  Aug 31 - 01:50 PM

• GBP$ up a touch NY afternoon trade, +0.08% at 1.3549; NorAm range 1.3565-1.3540

• Long-end UST yields lead higher hold little sway over GBP$ in either direction

• LSEG's WS indicating UK 10-yr gilts on the rise, may have fiscal implications going forward

• IRPR- BoE on hold in Sept, +27bp by Dec MPC meet; Fed 64% odds for Sept hike, +37bp by Dec

• End-of summer liquidity light into month-end; US payrolls Sept 4, mid-Sept US, UK CPI in focus

• GBP$ supt 1.3530 Friday/Monday low area, 1.3488 rising 30-DMA, 1.3440 200-DMA

• Res 1.3564 Monday high, 1.3598 the 10-DMA, 1.3648 daily high Aug 26

GBP$ Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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