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Nov 23 - 08:55 AM

GBP/USD - Drops To Threaten Recent 11-Month Low By 1.3350

By Rob Howard  —  Nov 23 - 07:14 AM
  • Cable falls to 1.3355 as USD continues to benefit from Powell reappointment

  • See: nL1N2SD2OM. 1.3355 is a pip shy of the 11-month low on Nov 12

  • Option-related bids helped define Nov 12 low, re: 1.3350 option barriers

  • 1.3385 (Monday's low) is now a resistance level, pre-1.3410 (Friday's low)

  • USD borrowing costs via FX swaps rise to 11-month high nL8N2SE2FR

  • MPC dove Haskel says BoE should be vigilant on labour costs nL8N2SE323

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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