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Nov 03 - 03:55 PM
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GBP/USD - Hovers Near Six-Week High On Weak Oil, Higher BoE Policy View
By Refinitiv — Nov 03 - 01:51 PM
• GBP$ a touch firmer in NY afternoon trade, +0.13% at 1.3423; NorAm range 1.3432-1.3406
• Range slight pre-US elex results; lower oil, gilts keep pace w/UST yield rise GBP-friendly
• For now, GBP bulls wary of further rise above Monday's 6-wk high by 1.3447
• Thursday expected BoE 25bp hike keeping cable anchored near trend highs
• GBP$ res 1.3439/47 daily cloud top/ Mon high, 1.3493 Sept 16 high, 1.3566 daily high Sept 9
• Supt 1.3397 Tuesday low, 1.3367 daily cloud base, 1.3316
rising 21-DMA
GBP Chart:
(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters