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TDUX
Oct 30 - 04:55 AM
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GBP/USD - Helped To One-Week High By AI Jitters

By Robert Howard  —  Oct 30 - 03:51 AM

• GBP/USD climbs to 1.3412 (one-week high) as AI jitters weigh on dollar

• Stocks sink, bonds leap as AI giants' spending spooks investors

• Prior AI jitters helped inflate cable to 1.3418 (five-week peak) last week

• 1.3383 (Thursday high) is now a support point (1.3378 was Asia low)

• Thursday low was 1.3299. Wednesday low was 1.3274 (pre-UK budget)

• Binance freezes assets after $6.3 billion heist, crypto industry's biggest

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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