eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• 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)