• GBP/NZD initially gained but gave up some ground on Wednesday as the focus remained on any developments around the Middle East conflict
• The first known indirect talks between the US and Iran in months raised hopes for progress toward ending the Middle East conflict, though neither side signalled a shift in stance..
• Market attention was on Washington as Chinese President Xi Jinping begins a three-day visit, with trade, technology and Tehran tensions in focus...
• Growth in British business activity cooled this month and inflation pressure built, a survey showed on Wednesday, an awkward backdrop for finance minister John Healey ahead of his first budget in October.
•The S&P Global UK Services Purchasing Managers' Index (PMI) fell in September to 51.7 from 52.5 in August, a three-month low, according to "flash" or preliminary data.
• Immediate resistance is located at 2.3538 (23.6%%fib), any close above will push the pair towards 2.3642(Higher BB).
• Immediate support is seen at 2.3243(38.2%fib) and break below could take the pair towards 2.3194(SMA20).
Recommendation: Good to buy around 2.3300, with stop loss of 2.3200 and target price of 2.3380
