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Sep 29 - 08:55 AM

GBP/USD - Trades Below 1.35 For The First Time Since January

By Rob Howard  —  Sep 29 - 07:19 AM
  • Cable hits 1.3477 after tripping stops below 1.3500 (London morning low)

  • 1.3477 is the lowest level since Jan 11 (1.3451 was 2021 low that day)

  • UK petrol panic and stagflation fears are weighing on GBP nL1N2QV0S5

  • British army to start driving tankers as queues for fuel continue

  • See: nL8N2QV154. 1.3500 and 1.3522 are now GBP/USD resistance levels

  • 1.3522 was Tuesday's low. UK consumers cautious about borrowing nL8N2QV247

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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