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TDUX
Sep 09 - 05:55 AM

GBP/USD - Rises To Its Highest Level Since August 28

By Robert Howard  —  Sep 09 - 03:47 AM

• Cable rises to 1.3566, its highest level since August 28

• 1.3598 was August 28 high - before dollar rose on hawkish Warsh

• Dollar weakness against the yen is source of support for GBP/USD

• Bessent: "I have pretty good insight into what the BOJ is going to do"

• 1.3550 (former resistance level) is now a GBP/USD support point

• Bailey pushes back against idea of BoE rate hike being inevitable

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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