Thursday, October 15, 2026

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GBP/USD hits 18-day low after US durable goods ex-transport beat

Cable deflated by greater Fed expectations Hits 18-day low by 1.5360 after US durable goods ex-transport beat Recent hawkish shift in Fed hike expectations = key source of support for USD Ensuing recovery rally topped ou…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Cable deflated by greater Fed expectations

  • Hits 18-day low by 1.5360 after US durable goods ex-transport beat

  • Recent hawkish shift in Fed hike expectations = key source of support for USD

  • Ensuing recovery rally topped out just shy of 1.54 (1.5393 = May 11 low)

  • June 17, July 29 & Sept 17 are next 3 FOMC rate announcement dates

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