By Rob Howard — Sep 17 - 03:50 AM
Cable eyes 0.6767 after extending north from 0.6622 (last week's low)
0.6767 was Sept 6 high. USD weighed down by risk of 50 bps Fed cut this week
Markets currently see 69% chance of 50 bps Fed cut on Wednesday FEDWATCH
That is up from 15% chance on Sept 12 - before WSJ, FT guidance on Fed
0.6800 and 0.6824 (August high) are resistance levels beyond 0.6767
US August retail sales data due at 1230 GMT; minus 0.2% MM forecast
Source:
Refinitiv IFR Research/Market Commentary