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GBP/USD Testing Resistance

GBP
  • GBP/USD testing resistance at 1.3795 at typing, the level marks the 76.4% retracement of the Sep 14 -29 downleg. Break through here opens the mid-September highs of 1.3854, which sit just above the 100-dma of 1.3811.
  • Later today BoE MPC member Mann speaks on creative destruction (11:00BST) and Bailey on the financial impacts of climate change (13:05BST).
  • Some other media outlets have Huw Pill speaking on a panel on CB strategy reviews with ECB's Lane, Dartmouth's Levin and Columbia University's Mosser at 14:00BST (16:00 local) at the Bank of Finland/SUERF Conference. However, worth noting the website does not show him as attending.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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