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Sep 29 - 04:55 AM

GBP/USD - Holds Close To Eight-Month Low After Tuesday Swoon

By Rob Howard  —  Sep 29 - 02:43 AM
  • Cable has traded a modest 24 pip range thus far Wednesday, 1.3530-1.3554

  • Calm follows Tuesday's near two cent tumble to 1.3522 (eight-month low)

  • Drop to 1.3522 fuelled by higher UST yields, equity losses, UK petrol panic

  • Lengthy queues build outside petrol stations in London again nL9N2P5008

  • New BoE MPC member Mann sees no troubling inflation signs nL8N2QU44J

  • 1.3573 (July's low) and 1.3600/10 are now GBP/USD resistance levels

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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