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Jul 28 - 02:55 AM
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GBP/USD - Consolidates Losses To Three-And-A-Half Week Low
By Robert Howard — Jul 28 - 02:33 AM
• Cable has traded a 17.5 pip range thus far Tuesday; 1.32865-1.3304
• 1.32865 is 2.4 pips above Monday's base - the lowest level since July 2
• July 2 low was 1.32756 (July 1 low was 1.3220)
• Dollar supported by risk of Fed rate hike as early as Wednesday
• There are 1.3280-85 option expiries for the 10am ET NY cut
• BoE is expected to keep its policy rate unchanged on
Thursday
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters