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TDUX
Nov 10 - 05:55 AM
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GBP/USD - Deflated By Hawkish Steer From Fed's Waller

By Robert Howard  —  Nov 10 - 04:22 AM

• Cable falls to 1.3430 intra-day low as USD rises on hawkish steer from Waller

• Fed's Waller plans to support at least a quarter-point rate rise in December

• Waller: half-point hike may be needed on Dec 9 if Oct core CPI 0.3% or higher

• US Oct CPI data is due at 1330 GMT; core CPI is forecast up 0.2% MM

• 1.3459 was early London high for GBP/USD, courtesy of lower oil prices

• UK is a net energy importer. 1.3463 was Friday high (1.3350 was Monday low)

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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