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Sep 24 - 06:55 AM

GBP/USD - Rises Towards 1.34 As Global Stocks Climb

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

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