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TDUX
Sep 18 - 01:55 AM

GBP/USD - Subdued After 1.5% Weekly Fall On Rate Divergence

By Krishna Kumar  —  Sep 17 - 11:41 PM

• GBP/USD holds near 7-week low in Asia after closing 0.15% lower Thursday

• Undermined by BoE holding rates steady while other major central banks hike

• BoE pauses all active gilt sales for 6 months in surprise move

• EUR/GBP hovers 2-mth high; a daily close above 100-day MA at 0.8594 bullish

• 1.3344, 61.8% Fibo of June-Aug rally under threat, break opens 1.3265-75

• Interim supports 1.3335, 1.3300; resistance 1.3400-05, 1.3445-50

• Thu range 1.3337--1.34065, Asia 1.3335-1.3367
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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