• GBP tone remains soft, firmer oil skews risks to the downside

• Spot capped below 200-day MA resistance at 1.3390–1.3400

• Oil pushing back toward triple digits, raises hawkish Fed risks

• USD to stay supported as a result, maintaining downside pressure on cable

• Cross adds pressure - EUR/GBP rebounding, +1% from July 15 low (0.8455)

• Near-term support seen at 1.3340–45, ahead of 1.3300
GBP/USD daily chart


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))