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Aug 05 - 04:55 AM

GBP/USD - Holds Below 1.39 Before BoE Monetary Policy Message

By Rob Howard  —  Aug 05 - 02:36 AM
  • Cable holds sub-1.39 after Wednesday's drop on Clarida and ISM service beat

  • See: nL1N2PB1W4nL1N2PA00M. 1.3957 was pre-Clarida high (after ADP miss)

  • Rate talk vs jobs data sends U.S. Treasury yields on wide swing nL1N2PB1TO

  • 1.3876 (Monday's low) and 1.3845 (July 28 low) are GBP/USD support points

  • BoE MPA at 1100GMT, with 6-2 vote to keep QE running at full-speed expected

  • See: nL8N2PB6M5nL8N2P63DF. GBP may gain if BoE is hawkish nL1N2P90IH

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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