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TDUX
Oct 26 - 01:55 AM
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GBP/USD - Inches Higher As Traders Brace For UK Budget On Wed

By Krishna Kumar  —  Oct 25 - 11:05 PM

• GBP/USD up 0.1% as dollar eases slightly & US crude futures fall 2% in Asia

• Supported by US-coordinated Qatari efforts to de-escalate regional tensions

• Upside limited; Houthi attacks in Saudi Arabia stoke energy supply concerns

• Wed UK budget eyed; two state-backed lenders to get £20 bln capital boost

• UK fin minister expected to announce 3.9% state pension increase-The Times

• Fed rate decision Wed, quarterly results from major US AI players also key

• Resistance at 55-day MA at 1.3411, 200-day MA at 1.3433, 61.8% Fibo @ 1.3469

• Support 1.3350-60, 1.3300-10; Fri range 1.3361-1.3407, Asia 1.33655-1.3388
UK tax:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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