• Cable holds below 1.3322 (Tuesday low) following its drop to 1.3294

• 1.3294 is the lowest level since July 28 (1.3274 was the low that day)

• Drop to 1.3294 fuelled by dollar buying (USD index at two-month high)

• Dollar supported by coin toss risk of another Fed hike in October

• UK September services PMI 51.7 vs 52.0 Reuters poll forecast

• 1.3350 and 1.34 are GBP/USD resistance levels beyond 1.3322

GBPUSD

(Robert Howard is a Reuters market analyst. The views expressed are his own)