eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• Cable hit 1.3370 in Asia, its lowest level since July 30
• Drop to 1.3370 spurred by dollar strength on Fed's hawkish hike
• Wednesday's pre-Fed low approximated to the 100DMA; 1.3442
• 1.3400 (former support point) is now a resistance level
• Goldman Sachs expects Fed to raise rates again in October
• BoE is expected to keep its policy rate unchanged at 1100
GMT
GBPUSD

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