GBP/USD consolidating near six-month lows
Cable dipped in Asian and then took at run at yesterday's highs but has remained contained within yesterday's range.
Over the past three hours, it's drifted lower to 1.5093 from a session high of 1.5131.
GBP/USD 10 min
Expect to see similar, narrowing patterns in FX on Friday and again on Monday as the month ends. What may spark a break is the heavy dose of UK economic news on Friday.
The preliminary Q3 GDP report is due at 0.930 GMT along with data on consumption, government spending, trade and business investment. Separate reports on services and housing are also due.
Next week is huge in terms of economic news and data. From there, I expect to see large and sustained moves that stretch into 2016.
