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Sep 16 - 07:55 AM

GBP/USD - Up To Intra-Week Top As Greenback Sags Ahead Of Fed

By Rob Howard  —  Sep 16 - 06:10 AM
  • Cable ascends to 1.2951 on USD selling pre-FOMC event risk nL1N2GC11N

  • 1.2951 is the highest level since Sept 10 (1.3035 was the high that day)

  • USD fell sharply after Fed's dovish policy shift on Aug 27 nL1N2FT0PR

  • 1.2927 (Tuesday's high) is now a support point. 1.2877 was European am low

  • BoE MPA Thursday: 9-0 unchanged QE and rate votes expected nL1N2GC08N

  • Developments in EU-UK trade negotiations crucial for GBP nL1N2GD09F

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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