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Oct 13 - 11:55 AM

GBP/USD - Rallies Half-A-Cent As 10-Year UST Yield Falls

By Rob Howard  —  Oct 13 - 10:02 AM
  • Cable hits 1.3646 after rallying off 1.3590 (post-U.S. inflation data low)

  • 1.3646 is the highest level since Monday (1.3644 was London morning high)

  • Rally to 1.3646 influenced by 10-year UST yield falling from 1.60% to 1.54%

  • 1.3674 (Monday's 13-day high) and 1.3700 are GBP/USD resistance levels

  • BoE stops closed-door policymaker briefings with banks nL8N2R947C

  • Cryptocurrency rules a 'matter of urgency', BoE's Cunliffe says nL1N2R91FM

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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