Thursday, October 15, 2026

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GBP/USD offers expected near 1.55 if rise extends

Cable longs may take profit near 1.55 if rise extends UK earnings beat has fuelled GBP gains Wednesday Pair was below 1.50 in early Feb. 1.5210 = Feb 12 low (pre-BoE QIR) 1.5481 = 23.6% of 1.7192-1.4952 (Jan low). 1.5486…

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

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  • Cable longs may take profit near 1.55 if rise extends

  •  UK earnings beat has fuelled GBP gains Wednesday 

  • Pair was below 1.50 in early Feb. 1.5210 = Feb 12 low (pre-BoE QIR)

  • 1.5481 = 23.6% of 1.7192-1.4952 (Jan low). 1.5486 = pre-Xmas low (Dec 23)

  • 1.5456 = highest level for cable since Jan 2. FOMC minutes due ahead

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By FxWirePro Team