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TDUX
Oct 01 - 01:55 AM
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GBP/USD - Edges Lower But Interim Base Takes Shape

By Krishna Kumar  —  Sep 30 - 11:36 PM

• GBP/USD -0.1% in Asia as elevated U.S. yields keep dollar broadly supported

• US 10-year, 30-year yields hit multi-year highs on Thu before paring gains

• Softer-than-expected US PCE, waning Oct Fed rate bets largely shrugged off

• GBP weighed by risk aversion, firm energy prices as US-Iran talks stall

• But fares better than peers on robust Q2 UK GDP; GBP at 6-week high vs euro

• UK tops G7 growth rankings in H1 2026 as economic momentum builds

• Support 1.3230, strong base at 1.3200-05, then 1.3140-1.3160 Mar, June lows

• Resistance 1.3275-80, 1.3300-10; Thu range 1.3223-1.3311,Asia 1.3251-1.3272
UK GDP:


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

Source:
London Stock Exchange Group | Thomson Reuters
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