By Robert Howard — Jun 06 - 10:21 AM
• Bids ahead of 1.3500 base cable's fall from 1.3561 (NY session high)
• 1.3508 = two-day low at 1329 GMT. 1.3500 is a former resistance level
• Drop to 1.3508 spurred by less dovish Fed expectations on hotter U.S. AHE
• Trump says Fed should cut interest rate by a full point
• CFTC data at 1930 GMT to show if net GBP long rose again in week to June 3
• UK government spending review June 11 (Labour won Scottish by-election)
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters