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Thomson Reuters
Jun 04 - 12:12 PM
GBP/USD - Down From 11-Day High Before BoE's Tenreyro Speaks
First appeared on eFXplus on Jun 04 - 10:10 AM
  • 1.3355 is low water-mark for cable since its Ldn am 11-day high of 1.3398
  • Ldn am high was notched on the back of UK construction PMI beat nL9N1S7012
  • 1.3349 was Ldn am low (before UK data beat). 1.3346-1.3377 was Asia range
  • BoE MPC member Tenreyro is slated to speak in Guildford at 1700GMT
  • Tenreyro was one of 7 MPC members to vote against hike May 10
  • UK service PMI due Tuesday at 0830GMT, 53.0 f/c. Beat would be GBP-positive

UK service PMI: Click here

Source:
Thomson Reuters IFR Markets

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