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TDUX
Sep 07 - 08:55 PM

GBP/USD - Slowly Builds Toward September Recovery

By James Connell  —  Sep 07 - 06:55 PM

• GBP/USD +0.25% from Mon 1.35075 low as DXY slips in holiday impacted trade

• BoE MPC members (including Governor Bailey) before Treasury committee Tue

• UK finance minister Healy upbeat on economy despite tough decisions ahead

• Iran flags retaliatory attacks on U.S. oil & gas infrastructure in the Gulf

• UK Jul GDP estimate, manufacturing output, and trade balance all due Fri

• U.S. Aug PPI due Thur (poll +0.4% m/m) followed by CPI Fri (poll +0.4% m/m)

• GBP edging toward 1.3555 21-DMA, rally may accelerate on break above

• Range Asia 1.35399-42, support 1.3475 1.3274, resistance 1.3675 1.3870
GBP Daily 21/55/100-DMA


DXY Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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