Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 23 - 07:55 AM

GBP/USD - Loses 1.24 Handle As BoE Feb Hike Debate Rages

By Rob Howard  —  Jan 23 - 05:55 AM
  • Cable hits 1.2374 (intra-day low) after extending south from 1.2447

  • 1.2447 was seven-month high in Asia (1.2446 was Dec high) nL1N348085

  • Drop to 1.2374 influenced by some profit-taking on long positions

  • Fed and BoE rate decisions next week: 25 bps increase expected from Fed

  • HSBC expects more votes for 25 bps BoE hike than 50 bps Feb 2 nL1N3480FY

  • Yellen says strong U.S. labor market, easing inflation are hopeful signs

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!