eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• 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.)