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TDUX
Aug 26 - 01:55 AM

GBP/USD - Consolidates; Higher Lows Support Outlook

By Krishna Kumar  —  Aug 25 - 11:35 PM

• GBP/USD drifts slightly lower in Asia after closing 0.1% higher on Tuesday

• Consolidation below 6 1/2-mth 1.3674 Friday high likely ahead of key events

• U.S.-Iran talks hopes, lower oil, better risk appetite support GBP in Asia

• Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz

• Focus shifts to U.S. July PCE price index, final Q2 GDP, Nvidia results Wed

• Fed Chair Warsh's Jackson Hole address Friday key for markets

• UK inflation expectations rise in Aug after recent falls- Citi/YouGov survey

• One in three UK employers have cut entry-level jobs, survey shows

• Series of higher lows since August 19 positive for technical outlook

• Resistance 1.3690-1.3700, 1.3715-20. support 1.3620-25, 1.3595-1.3600

• Tuesday range 1.3622-1.3655, Asia 1.3641-1.3648
GBP:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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