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Oct 23 - 03:55 AM

GBP/USD - Holds Below 1.30 After Drop To Two-Month Low

By Rob Howard  —  Oct 23 - 02:45 AM
  • Cable has traded a 23 pip range thus far Wednesday; 1.2972-1.2995

  • 1.2995 is highest level since Tuesday's two-month low of 1.2945

  • There is a 1.3000 option expiry for the 10am ET NY cut nL4N3LY19A

  • USD supported by risk of Republican sweep on Nov 5, including Trump win

  • Pound weighed down by scope for BoE rate cut in Dec, as well as Nov

  • BoE Governor Bailey is due to speak in Washington DC at 1845 GMT

Source:
Refinitiv IFR Research/Market Commentary

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