Friday, October 16, 2026

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GBP/USD, UK election focus

Cable elicits fresh support near 1.48 after early Europe slide 1.4802 = session low vs 1.4901 Asia high. 1.4799 = Friday's low 1.4923 = rally high from 1.4799. Last Thursday's low was 1.4807 SNP may hold balance of power…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Cable elicits fresh support near 1.48 after early Europe slide

  • 1.4802 = session low vs 1.4901 Asia high. 1.4799 = Friday's low

  • 1.4923 = rally high from 1.4799. Last Thursday's low was 1.4807

  • SNP may hold balance of power in hung parliament after UK election

  • US governor sees gradual rate hikes starting this year

 

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By FxWirePro Team