Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 26 - 01:55 PM

GBP/USD - Slides To 3-Week Low On Weak UK CBI Data, Dovish BoE Rate View

By Paul Spirgel  —  Oct 26 - 01:15 PM
  • GBP$ soft into NY close, -0.1% at 1.2100; Thursday range 1.2133-1.2070

  • Pair rallied off Europe low 1.2070 after early UST yield rise reversed

  • UK CBI/retail sales data comes in weak adds to dour UK rate outlook

  • Markets look beyond upbeat GDP, durables data eye eventual Fed cut in 2024

  • Sterling regains 1.21 as UST yields dip post-GDP, claims beats nL1N3BW223

  • Support at Thursday low 1.2070, Oct 4 low 1.2039, Mar 17 wkly low 1.2012

  • Market focus shifts to Fed meeting Nov 1, BoE Nov 2; no rate changes exp'd

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
!