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Sep 22 - 05:55 PM

GBP/USD - Another Swipe At Summer Lows Amid Risk Rebound, Fed Crosswinds

By Randolph Donney  —  Sep 22 - 03:36 PM
  • Sterling low at 1.36095 Wednesday, just above Aug, July's 1.3602/572 lows

  • Fed tapering and sooner, higher dot-plots trigger dive to the low

  • But sterling already oversold and by key support, BOE on Thursday

  • BOE may prelim two rate hikes next year, first in Q1

  • Sterling stabilized early by stocks bounce, less China angst

  • BOE may be tie-breaker, bulls need to closes to hold above July's lows

For more click on FXBUZ

Chart Click here

Refinitiv IFR Research/Market Commentary


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