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TDUX
Sep 01 - 01:55 AM

GBP/USD - Subdued As Fed Rate Expectations Cap

By Krishna Kumar  —  Aug 31 - 11:22 PM

• GBP/USD consolidates in a narrow range with UK markets closed Monday

• Holds near Fri's 2-week low hit after Warsh's hawkish Jackson Hole speech

• Rising Fed rate hike bets cap GBP; odds of Sep 16 hike at 66% from 35% Fri

• U.S. payrolls this Friday, inflation data next week key for direction

• UK retailers raise prices by most since 2024, BRC data shows

• Support 1.3525-30, 1.3500,1.3475-80; resistance 1.3570-75, 1.3600-05

• Monday range 1.3531-1.3565, Asia 1.3543-1.3568
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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