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TDUX
Sep 04 - 01:55 AM

GBP/USD - Bounces As Support Holds; Bailey Speech, US Jobs Eyed

By Krishna Kumar  —  Sep 03 - 11:52 PM

• GBP/USD steady in Asia after rallying 0.3% Thu as Fed rate hike fears ease

• Fed's Waller calms rate hike concerns, boosts risk appetite

• Sep 16 Fed hike odds fall to 50.4% from 63.2% Wed, was 70% earlier this week

• U.S. August jobs data Friday, PPI and CPI next week key for rate outlook

• BoE Governor Bailey's keynote speech published at 0850 GMT (0950 local) Fri

• Bounce from strong double Fibo support at 1.3470-75 encouraging for bulls

• More support at 100 & 200-day MAs which converge at 1.3444-46

• Res 1.3550, 1.3570, 1.3600; Thu range 1.3481-1.3548, Asia 1.3523-1.3526
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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