By Justin Mcqueen — Oct 24 - 10:10 AM
Modest reprieve for cable (+0.4%) as the dollar takes a breather
Softer UK PMIs do little to shift BoE outlook. Nov cut expected
GBP hovers around 100DMA (1.2966) - prior support, now resistance
Firm break would put focus on 1.3000-10 (200-hour MA)
Given growing focus on the U.S. election, conviction has been lacking
BoE's Mann (hawk) sticks to hawkish script nL8N3M022U
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Source:
Refinitiv IFR Research/Market Commentary