• Cable bounce faded during NY session, bids stalled around the 200-hour MAs

• Better UK growth data keeps GBP/USD away from the YTD lows

• Meanwhile, softer US core PCE also lifted the pair as Fed Oct hike bets slipped further (now 35%)

• However, caution on the topside will remain ahead of the UK budget

• Support levels unchanged at 1.3200, which protects the 1.3140 YTD low

• That said, GBP strength potentially better expressed against EUR
GBPUSD hourly chart

Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))