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TDUX
Sep 28 - 03:55 AM
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GBP/USD - On 1.32 Handle As Labour Conference Begins

By Robert Howard  —  Sep 28 - 02:48 AM

• Cable has traded a 22 pip range since 2000 GMT Sunday; 1.3225-1.3247

• Those parameters are well within Friday's 1.3211-1.3263 range

• USD supported by higher oil prices (US is net energy exporter; UK net importer)

• BoE's Bailey said high energy prices make it harder to leave rates on hold

• UK finance minister Healey to address Labour Party conference today

• PM Burnham says it is crucial to have stability in UK public finances

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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