By Rob Howard — Sep 12 - 02:45 AM
Cable rises to 1.3054 as risk-sensitive pound benefits from equity gains
Nikkei up 3.4%; European stock futures positive. 1.3054 = intra-day high
1.3003 was 3-week low Wednesday as USD rose on less dovish Fed expectations
Markets see 13% chance of 50 bps Fed cut next week vs 29% chance pre-US CPI
FEDWATCH. BoE is expected to keep rates unchanged next week nL4N3KS11J
GBP/USD resistance levels include 1.3071 (Wednesday's Asia low) and 1.3100
Source:
Refinitiv IFR Research/Market Commentary