By Rob Howard — Sep 24 - 05:10 AM
Cable climbs to 1.3382 as global equity gains lift risk-sensitive pound
1.3382 is highest level since March 2022 (1.3249 = Monday low, pre-UK PMIs)
Option-related offers might emerge pre-1.34 if GBP/USD extends north
There is a big 1.3400 option expiry for the 10am ET NY cut
UK PM Starmer to address annual Labour Party conference this afternoon (BST)
BoE Governor Bailey says interest rates are gradually heading downwards
Source:
Refinitiv IFR Research/Market Commentary