eFXdata | GBP/USD - Holds Sub-1.34 After Lift From Seven-Week Low

By Robert Howard — Sep 21 - 02:32 AM

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• Cable has traded a 19.5 pip range thus far Monday; 1.33735-1.3393

• 1.3393 is 4.5 pips shy of Friday's peak (1.33375 was Friday's low)

• Friday's peak was scaled as USD/JPY retreated on FX news

• Nikkei reported Japan conducted rate checks in the FX market

• Friday's GBP/USD low was half-a-pip above Thursday's seven-week low

• Thursday's low was plumbed after BoE rate hold/QT pause news

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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