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TDUX
Sep 07 - 03:55 AM

GBP/USD - On 1.35 Handle Before Speech From UK's Healey

By Robert Howard  —  Sep 07 - 02:41 AM

• Cable has traded an 22.5 pip range thus far Monday; 1.35075-1.3530

• 1.3530 is also high water-mark since Friday's NFP data beat spurred low of 1.3482

• UK's new finance minister Healey makes his first major speech on Monday

• Healey will announce his first budget next month (October 28)

• UK house prices fall for first time since November 2023, Lloyds data shows

• CFTC data: net GBP short rose 11% to 49,575 contracts in week to Sept 1

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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