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TDUX
Sep 24 - 01:55 AM

GBP/USD - Nurses Losses After Sharp Drop On Fed Rate Outlook

By Krishna Kumar  —  Sep 23 - 11:56 PM

• GBP steadies in Asia after closing 0.77% lower on Wed, outlook bearish

• Weighed down by hawkish Fed comments, rising odds of October rate hike

• BoE seen lagging Fed as US economy steams ahead, inflation concerns rise

• Higher oil prices, rising US yields weigh on risk appetite, undermine GBP

• UK Treasury open to smaller fiscal headroom to reduce tax hikes, FT reports

• Support at 1.3265-75 lost, opens drop to March-June lows at 1.3140-1.3160

• Resistance 1.3275, 1.3320-25; Wed range 1.3223-1.3345, Asia 1.3223-1.3245
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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