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Oct 22 - 03:55 PM
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GBP/USD - Tether To 1.34 Intact, Supported By Falling UST Yields
By Clarifies path of sterling — Oct 22 - 01:41 PM
(Clarifies path of sterling in bullet 2)
• GBP$ firm in NY afternoon, +0.06% at 1.3403; Thursday range 1.3418-1.3394
• Pair hit fresh 5-wk high at 1.3418 in Europe session on AI-related USD selling
• UST yield slide picks up momentum in NY afternoon aid GBP rise
• Belly of UST curve down 18bp (3-10-yr); global yields follow suit relieving fiscal concerns
• GBP$ res 1.3418 Thursday high, 1.3433 flat 200-DMA, 1.3470s upcoming daily cloud twist
• Supt 1.3389 bruised 100-DMA, 1.3355 Thursday daily low, 1.3297 rising 10-DMA
• October 28 UK Autumn Budget and Fed rate decision in focus
for BoE, Fed policy clues
Sterling Chart:
(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters