Friday, October 16, 2026

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GBP/USD turned away after early look at 1.5000

Cable price has developed both technical and psychological importance GBP/USD turned away after early look at 1.5000 Dollar bulls dig in heels; 1.1050 EUR/USD also successfully defended US policy divergence narrows; may …

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

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  • Cable price has developed both technical and psychological importance

  • GBP/USD turned away after early look at 1.5000

  • Dollar bulls dig in heels; 1.1050 EUR/USD also successfully defended

  • US policy divergence narrows; may not be large enough to support USD position

  • However, substantial shift in rates; odds on Sep move fall to 56% from 80%

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