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Oct 24 - 11:55 AM

GBP/USD - Maintains Bid, Keeping Focus On 1.30

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

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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