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TDUX
Sep 17 - 03:55 AM

GBP/USD - Weighed Down By Fed's Hawkish Hike; BoE Up Next

By Robert Howard  —  Sep 17 - 02:31 AM

• Cable hit 1.3370 in Asia, its lowest level since July 30

• Drop to 1.3370 spurred by dollar strength on Fed's hawkish hike

• Wednesday's pre-Fed low approximated to the 100DMA; 1.3442

• 1.3400 (former support point) is now a resistance level

• Goldman Sachs expects Fed to raise rates again in October

• BoE is expected to keep its policy rate unchanged at 1100 GMT

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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