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Nov 03 - 04:55 AM

GBP/USD - Holds Close To Three-Week Low Pre-Fed Event Risk

By Rob Howard  —  Nov 03 - 03:38 AM
  • Cable has traded a 26 pip range thus far Wednesday, 1.3606-1.3632

  • 1.3606 was also Tuesday's low. 1.3606 is the lowest level since Oct 13

  • Recent GBP weakness influenced by Brexit risks nS8N2PR00VnL8N2RT1OY

  • 1.3644 (Monday's low) is now a resistance level, pre-1.3669 (Friday's low)

  • Large 1.3615 and 1.3650 option expiries for the 10am ET NY cut nL1N2RU0CV

  • Fed event risk 1800 GMT nL1N2RT12T. BoE event risk Thursday nL1N2RT13H

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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