eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
Oct 09 - 01:55 AM
–

GBP/USD - Firmer Tone Prevails As Support Builds Below 1.3200

By Krishna Kumar  —  Oct 08 - 11:47 PM

• GBP/USD up 0.1% in Asia after yet another recovery from below 1.3200

• Solid base forms @ 1.3180-90; more support @ 1.3140-1.3160 lows in Mar, June

• US yields close lower after a strong 30-year bond auction, supporting GBP

• Pause in European bond selloff also supports GBP sentiment

• Trump's pledge to avoid Iran strike before Nov midterm vote lifts Sterling

• Traders look ahead to next week's busy data and central bank calendar

• US inflation, UK August GDP, industrial and manufacturing output, trade due

• Fed Chair Warsh fireside chat next Fri at IMF/World bank meeting eyed

• BoE officials Sarah Breeden, Megan Greene, Huw Pill, Gov Andrew Bailey speak

• Burnham's Labour hopes to retain former PM Starmer's London seat in Thu vote

• Resistance 1.3250-55, 1.3275-85; Wed range 1.3194-1.3274, Asia 1.3206-1.3221
UK Trade:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
© 2026 eFXdata · All Rights Reserved
!