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TDUX
Nov 12 - 03:55 AM
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GBP/USD - Respects 4-Week Low As UK Q3 GDP Matches Forecast

By Robert Howard  —  Nov 12 - 02:36 AM

• Cable holds above 1.3251 after UK Q3 GDP growth matches 0.7% forecast

• 1.3251 was four-week low in Asia, as USD index rose to 19-month high

• 1.3459 was high 48 hours ago - before hot US CPI, hawkish Fed officials

• Dollar zooms on bets US can withstand higher interest rates

• There is a big 1.3250 option expiry for the New York cut

• BoE's Greene says it is right to proactively tighten monetary policy stance - FT

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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