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TDUX
Oct 08 - 03:55 AM
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GBP/USD - Weighed Down By Higher Oil Prices

By Robert Howard  —  Oct 08 - 02:26 AM

• Cable drops to test 1.3194 (Wednesday low) as oil prices rise

• US is a net energy exporter; Britain is a net energy importer

• 1.3182 was 14-week low for GBP/USD last week (Oct 1)

• Oct 1 low was respected last Friday (Oct 2), and on Monday

• Fed policymakers divided over rate-hike logic in September, minutes show

• PM Burnham's Labour Party faces challenge from Greens in Starmer's old seat

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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