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TDUX
Oct 19 - 04:55 PM
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GBP/USD - Fades Amid Rising UST Yields, AI Recovery; Support Tested By 1.33

By Refinitiv  —  Oct 19 - 01:49 PM

• GBP$ soft in NY afternoon trade, -0.22% at 1.3300; NorAm range 1.3339-1.3299

• USD goes bid as UST, global yields resumed climb; risk, tech/AI, regained vigor

• UK Unemployment earnings on Tuesday, CPI on Wednesday in focus for MonPol clues

• Oct 28 UK Autumn Budget of significance given UK inflation, growth conundrum

• GBP$ supt 1.3299 Monday low, 1.3268 Friday low, 1.3255/53 the 21/10-DMA

• Res 1.3348 Monday high, 1.3371 daily high Oct 16, 1.3406- 50% Fib of 1.3675-1.3137



Sterling Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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