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Nov 24 - 11:55 AM

GBP/USD - Falls To New 11-Month Low As King Dollar Reigns

By Rob Howard  —  Nov 24 - 09:57 AM
  • Cable drops to 1.3330 as hawkish Fed expectations buoy the U.S. dollar

  • 1.3330 is lowest level since Dec 22 (1.3305 was the low that day)

  • Fed's Daly says she is open to speeding up taper based on economic data

  • See: nL1N2SF19I. Year-end stress catalyzed by a restive USD nL8N2SD24D

  • Another source of support for safe-haven USD is record COVID cases in Europe

  • See: nL4N2SF2P6. 1.34 is a GBP/USD resistance level nL1N2SF0EC

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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