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Oct 26 - 04:55 AM

GBP/USD - Within Strike Of 1.15 Amid UK Fiscal Date Debate

By Rob Howard  —  Oct 26 - 02:45 AM
  • Cable rises to 1.1480 (intra-day high) as lower UST yields weigh on dollar

  • 1.1500 was Tuesday's six-week high, as the pound rose on change at Number 10

  • See: nL1N31Q0LJ. Large 1.1500 option expiry today (10am ET) nL1N31R0DJ

  • Retreat from 1.1500 based at 1.1432 (in Asia). 1.1440 was last week's high

  • PM Sunak may delay UK fiscal statement from Oct 31 - The Times nL1N31Q317

  • More: nS8N31J06S. BoE rate decision Nov 3; 75 bps hike f/c nL8N31P28N

Source:
Refinitiv IFR Research/Market Commentary

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