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GBP/USD waiting on Reeves today?
The new UK chancellor, Rachel Reeves is due to address the Labour party conference later today. The markets are extremely keen to see what exactly she might have to say about the UK economic outlook, but probably more keen to see, if she provides any insight on just what exactly the October 30 budget has in store. To be honest though, it would seem likely that she will remain tight-lipped on that. Also out this morning, at 8.30am GMT is the preliminary September manufacturing and services PMI reports. Ahead of this the Pound has held its positive momentum versus the Euro since last week (as noted earlier) and also remains above 1.33 so far today versus the dollar. The GBP/USD closed at 1.3321 on Friday. The range seen so far today has been tight and covered by 1.3307 and 1.3323. The GBP/USD is currently trading at 1.3311
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