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TDUX
Nov 02 - 11:55 PM
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GBP/USD - Holds Steady; Oil Drop Helps, Tech Selloff Weighs

By Krishna Kumar  —  Nov 02 - 10:03 PM

• GBP/USD unchanged in Asia after closing 0.15$ higher on Monday

• Traders cautious ahead of Tue US midterm elections and Thu BoE rate decision

• US tech sector concerns continue to weigh on investor confidence, cap GBP

• Sharply lower oil prices offset subdued risk sentiment; US crude -7.4% Mon

• Middle East peace efforts watched after US strike on Iran's Qeshm Island

• Daily close above 1.3426,200-DMA, targets Fibo resistances @ 1.3469, 1.3548

• Support 1.3370,1.3330,1.3300-10; Fri range 1.3470-1.3533, Asia 1.3378-1.3397
GBP:


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

Source:
London Stock Exchange Group | Thomson Reuters

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