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Mar 21 - 01:55 PM

GBP/USD - Drops To 1.27 On MPC's Dovish Vote Shift, US Data

By Rob Howard  —  Mar 21 - 10:20 AM
  • Cable hits 1.2699 after extending south from 1.2803 (one-week high)

  • GBP negatively impacted by Mann and Haskel ditching their votes for BoE hike

  • Dollar supported by lower than expected US jobless claims; 210k vs 215k f/c

  • GBP/USD support points include 1.2685 (Wednesday's low) and 1.2668

  • 1.2668 was two-week low Tuesday. 1.2744 (pre-BoE low) is resistance level

  • UK retail sales data due Friday at 0700 GMT; down 0.3% MM, down 0.1% YY f/c

Source:
Refinitiv IFR Research/Market Commentary

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