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Oct 01 - 04:55 AM

GBP/USD - Falls To Intra-Day Low As Global Equity Prices Sag

By Rob Howard  —  Oct 01 - 02:57 AM
  • Cable eases to 1.34445 as global equity losses weigh on risk-sensitive pound

  • Nikkei closed down 2.3% nL1N2QX0A3. European equity futures down 1%

  • See: nL4N2QX19Q. 1.34445 is a fractionally fresh intra-day low

  • 1.3412 (Wednesday's nine-month low) and 1.3400 are support points

  • Thursday's high was 1.3516, after some profit-taking on GBP short positions

  • GBP/USD suffered its steepest two-day fall since Sept 2020 Tuesday-Wednesday

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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