By Paul Spirgel — Nov 04 - 11:40 AM
GBP$ relatively soft into Europe close, +0.24% at 1.2952; NY range 1.2993-51
Early rise as UST yield curve bull flattened; 10-year off early NY low yield
1st hurdle for traders is Tuesday U.S. election; Iowa poll shifts to Harris
Despite Harris Iowa poll bump election remains on knife edge
Wednesday Fed, BoE rate announcement, both banks seen cutting rates by 25bp
GBP$ res 1.2999 Monday high, 1.3050 daily cloud base, 1.3094 falling 30-DMA
Supt 1.2930 Monday low, 1.2888 daily low Nov. 1, 1.2811 rising 200-DMA
Source:
Refinitiv IFR Research/Market Commentary