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TDUX
Sep 18 - 03:55 PM

GBP/USD - Recovers Early Losses On Yen-Linked Dollar Weakness In NorAm

By Refinitiv  —  Sep 18 - 01:41 PM

• GBP$ firm in NY afternoon trade, +0.26% at 1.3391; Friday range 1.3394-1.3338

• Early slide to 7-week low by 1.3377 reversed amid talk of JP MoF checking rates

• Cable had been under pressure after Fed hike/BoE hold this week

• STIR futures now show near 60% odds for Fed and BoE hikes in Oct/Nov

• LSEG's IRPR indicates BoE more hawkish in 2027; BoE +101bp, Fed +77 by Dec 2027

• UK fiscal concern heightened ahead of October's UK Autumn Budget; 10-yr gilt at 5.3%

• GBP$ res 1.3394 Friday high, 1.3429 falling 100-HMA, 1.3452 50% Fib of 1.3567-1.3337

• Supt 1.3337 daily low Sept 17, 1.3290 weekly cloud base, 1.3274 daily low Jul 28



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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