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TDUX
Nov 09 - 11:55 PM
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GBP/USD - Holds Overnight Gains As Oil Slips And Risk Rallies

By Krishna Kumar  —  Nov 09 - 10:03 PM

• GBP/USD unchanged in Asia after closing 0.7% higher on Monday

• Boosted by declining oil prices, surging stocks , waning AI concerns

• USD crude -0.7% in Asia as Trump downplays prospect of escalation with Iran

• Asia stocks rally as investors reassess prospects for AI trade, support GBP

• US CPI due later Tuesday, key for Fed rate expectations

• BoE Chief Economist Huw Pill, Dep Gov Clare Lombardelli due to speak on Tue

• UK Q3 and Sep GDP, industrial and manufacturing output, trade data due Thu

• Support 1.3400-10, 1.3380, 1.3350, resistance 1.3465-70, 1.3500-05

• Monday range 1.3350-1.34435, Asia 1.3434-1.3447
GBP:


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

Source:
London Stock Exchange Group | Thomson Reuters
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