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Oct 06 - 11:55 AM

GBP/USD - Respects 23.6% Fibo After Kashkari Boosts Dollar

By Rob Howard  —  Oct 06 - 10:10 AM
  • Cable elicits support by 1.1218 after hawkish Kashkari boosts dollar

  • Fed's Kashkari: we are 'quite a ways away' from pausing hikes nS0N30D03N

  • 1.1218 is 23.6% Fibo of 1.0327 (Sept 26 low) to 1.1493 (Wednesday's high)

  • 23.6% Fibo level also supports the pound against the euro nL1N317163

  • BoE buys 154.5 million pounds of gilts at daily auction nS8N30J05D

  • Infighting and inflation: the challenges facing UK PM Truss nL8N3162CY

Source:
Refinitiv IFR Research/Market Commentary

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