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TDUX
Aug 20 - 09:55 PM

GBP/USD - Remains Buoyant As UK Consumer Confidence Spikes

By James Connell  —  Aug 20 - 08:35 PM

• GBP/USD +0.1% in Asia Fri as 2-month long rally threatens to extend

• GfK Aug consumer confidence index hits 2-year high after string of good data

• GBP break above 1.3660-65 resistance zone would open topside toward 1.3867

• UK Jul retail sales due Fri (poll -0.5% m/m), Aug flash PMI also due

• Traders wary of U.S. Treasury attempts to cap long-term interest rates

• U.S. threats of tough sanctions for Iran & its associates sends oil higher

• Range Asia 1.3633-435, support 1.3274 1.3140, resistance 1.3660-65 1.3870

• (
GBP Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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