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TDUX
Jul 30 - 03:55 AM

GBP/USD - Retreats From Post-Fed Peak As Oil, UST Yields Rise

By Robert Howard  —  Jul 30 - 02:44 AM

• Cable falls to 1.3334 as safe-haven USD strengthens on higher oil prices

• Oil up on war news: U.S. military says it hit dozens of Iran's IRGC targets

• 1.3334 is low since 1.3385 high following Fed rate hold on Wednesday

• Pre-Fed low was 1.3280. 30-year UST yield up to 19-year high in Asia

• BoE is expected to keep its policy rate at 3.75% at 1100 GMT

• U.S. June core PCE data due at 1230 GMT; 0.2% MM, 3.3% YY forecast

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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