Friday, October 16, 2026

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GBP/USD looks for offers at 1.49 after greenback longs lightened

Profit-taking on USD longs assists cable's half-cent rise from 1.4845 1.4845 = early Europe 20mth low. 1.4850 = Thursday's low Offers at 1.49 (rally high from 1.4850). 1.4893 = Wednesday's low EUR/GBP fell 88month low of…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Profit-taking on USD longs assists cable's half-cent rise from 1.4845

  • 1.4845 = early Europe 20mth low. 1.4850 = Thursday's low

  • Offers at 1.49 (rally high from 1.4850). 1.4893 = Wednesday's low

  • EUR/GBP fell 88month low of 0.7715 Wednesday (GBP/EUR 1.4255)

 

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