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Oct 28 - 03:55 AM
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GBP/USD - Sub-1.33 Before UK Budget, Fed Event Risks
By Robert Howard — Oct 28 - 03:30 AM
• Cable falls to 1.3274, its lowest level since Oct 16, as oil prices rise
• Britain is net energy importer; US is net energy exporter
• 1.3300 (last week's low) is now a GBP/USD resistance level
• UK finance minister Healey to unveil his first budget from 1230 GMT
• Healey says he will help households by scrapping fixed gas charges
• Fed rate hold expected at 1800 GMT; Warsh briefing starts
1830 GMT
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters