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Sep 06 - 08:55 AM

GBP/USD - Holds Close To 1.16 As Truss Takes UK PM Baton

By Rob Howard  —  Sep 06 - 07:25 AM
  • Cable has traded a 60 pip range since the London open; 1.1549-1.1609

  • 1.1609 is the highest level since Monday's 30-month low of 1.1444

  • Rally from 1.1444 aided by some profit-taking on short GBP positions

  • Boris Johnson bows out as British PM, Liz Truss to take over nL1N30D0AI

  • Truss to freeze household energy bills for 18 months, BBC says nL8N30D23Z

  • Sterling, gilts and energy: the winners and losers under Truss nL8N3074VA

Source:
Refinitiv IFR Research/Market Commentary

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