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TDUX
Nov 05 - 11:55 PM
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GBP/USD - Undermined By Risk Aversion; US Jobs In Focus

By Krishna Kumar  —  Nov 05 - 10:06 PM

• GBP/USD on the defensive in Asia after closing 0.15% lower on Thursday

• Eye-catching selloff in tech stocks weighs on risk appetite, undermines GBP

• AI regulatory worries rattle Asian markets; Nikkei -5.3%, KOSPI -4.2%

• Hawkish BoE rate hike likely to cushion GBP decline; US jobs data eyed Fri

• Resistance 1.3500-05, 1.3525-30, support 1.3435-40, 1.3400-05

• Thursday range 1.3445-1.3501, Asia 1.34445-1.3463
BoE:


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

Source:
London Stock Exchange Group | Thomson Reuters
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