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TDUX
Aug 20 - 11:55 AM

GBP/USD - Consolidates Gains To Six-Month High

By Robert Howard  —  Aug 20 - 09:55 AM

• Cable has traded a 61 pip range since the London open; 1.3600-1.3661

• 1.3661 is the highest level since February (1.3658 was May high)

• BUZZ-Bessent's bond buying may lift GBP/USD to 1.40

• UK statistics office revises up 2023 and 2024 growth estimates

• UK July retail sales data due on Friday, before August flash PMIs

• Pound can bank on another 6-3 rate hold vote in September

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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