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Jul 15 - 11:55 AM

GBP/USD - Pivots 1.3850 After Ceding Saunders-Spurred Gains

By Rob Howard  —  Jul 15 - 09:56 AM
  • Cable hits 1.3841 after falling further from 1.3898 (2-day high at 1029GMT)

  • Rise to 1.3898 was fuelled by hawkish speech from BoE MPC member Saunders

  • See: nL8N2OR2ZE. 1.3815-1.3867 was European am range (pre-Saunders speech)

  • Two-year gilt yields rise to highest level since April 2020 nS8N2NS0ER

  • Powell heads to Senate with renomination, policy, inflation as backdrop

  • See: nL1N2OR12WnL1N2OR1BN. Next FOMC meeting is on July 27-28

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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