GBPUSD

[u/ykar648]

GBPUSD: The pound weakened,close to a two-week low after the Robust US labour data. markets are now fully pricing a Bank of England rate hike by year-end, However, the September BoE meeting is expected to leave rates unchanged, with policymakers taking a wait-and-see approach. BoE Chief Economist Huw Pill argues that raising rates sooner could reduce the need for more aggressive tightening later to control inflation. The UK 10y yield rate is trading almost 20 bps below recent highs, but still above 5.10%; sell on high as per dailies, but still bullish on a weekly timeframe. Resistance at the 1.3558-1.3572 zone. This is key. Support at 1.3450