Friday, October 16, 2026

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GBP/USD rises to 1.5525, buoyed by NY state mfg miss

Cable buoyed by worse than expected NY state June mfg index, rises to 1.5525 Offers may emerge around 1.5550 (1.5552 = early Europe high) More offers touted at 1.5580 & 1.56 (1.5598 was Friday's 3wk high) Poor US data bl…

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

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  • Cable buoyed by worse than expected NY state June mfg index, rises to 1.5525 

  • Offers may emerge around 1.5550 (1.5552 = early Europe high)

  • More offers touted at 1.5580 & 1.56 (1.5598 was Friday's 3wk high)

  • Poor US data blow for hawks advocating Fed rate hike in July/Sept

  • 1.5525 = high water-mark for cable since 1.5488 London am low 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team