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Sep 01 - 08:55 AM

GBP/USD Gets Closer To 1.35 As Sterling Bulls See Red

By Rob Howard  —  Sep 01 - 07:00 AM
  • Cable reaches 1.3465 as the pair builds on its European morning gains

  • See: nL1N2FY07S. 1.3465 is high since Dec 13 (day after UK election)

  • Offers expected near 1.35, inclusive of profit-take interest

  • 1.35 is an oft-mentioned bull target (1.3516 was UK election day high)

  • UK mortgage approvals jump as housing market bounces back nL8N2FY27B

  • BoE's Bailey will address MPs on UK TSC on Wednesday nL1N2FY06H

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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