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Nov 23 - 04:55 AM

GBP/USD - Hugs 1.19 After Following U.S. Stocks Higher

By Rob Howard  —  Nov 23 - 02:50 AM
  • Cable hugs 1.19 after eliciting a boost from U.S. equity gains Tuesday

  • See: nL1N32I2IP. Pound is risk-sensitive (1.1780 was GBP/USD low Monday)

  • UK Nov flash PMIs due 0930 GMT; service f/c 48.0, mfg f/c 45.8 nL1N32H14S

  • 43 of 56 economists expect BoE to hike by 50 bps on Dec 15-poll nL8N32I2FS

  • UK top court to rule on legality of new Scottish independence referendum

  • Housing legislation vote delayed after dozens of Tory MPs threaten rebellion

Source:
Refinitiv IFR Research/Market Commentary

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