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Oct 19 - 07:55 AM

GBP/USD - Trades Above 1.38 For The First Time Since Sept 17

By Rob Howard  —  Oct 19 - 06:06 AM
  • Cable hits 1.3815 after building on early London gains nL1N2RF0BT

  • 1.3815 is the highest level since Sept 16 (1.3811 was Sept 17 high)

  • Global equity gains are positive for the risk-sensitive pound nL1N2RF0HS

  • BoE rate rise from 0.1% expected on Nov 4 nL1N2RF0GJnL8N2RE4K1

  • Offers may emerge near 1.3850 if GBP/USD extends north: 1.3848 = 200DMA

  • 1.3852 was Sept 15/16 high. 1.3765 (Monday's high) is now a support point

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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