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TDUX
Jul 08 - 11:55 PM

GBP/USD - Hovers Near Resistance Despite Middle East Tensions

By Krishna Kumar  —  Jul 08 - 11:31 PM

• GBP/USD holds gains in Asia after closing 0.2% higher on Wednesday

• U.S.-Iran tensions, higher oil prices taken in stride

• Domestic focus returns; likely PM Burnham's finance minister pick eyed

• BoE Governor Andrew Bailey delivers annual Mansion House speech on Tuesday

• Traders await clues on Fed policy; Warsh's semiannual testimony next week

• Fed minutes show greater concern about high inflation in June meeting

• Strong resistance at 1.3400-10 under threat, break opens 1.3460

• Support 1.3350-55, 1.3325-30; Wed range 1.3323-1.3410, Asia 1.3389-1.3402
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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