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Sep 02 - 03:55 PM

GBP/USD - Slides Away From Tuesday's 1.3481 High On Dour BoE, German RS Miss

By Paul Spirgel  —  Sep 02 - 01:40 PM
  • GBP/USD ending NY near 1.3325, -0.45%; NorAm range 1.3365-1.3284

  • Pair soft w/EUR into Lon fix, backs away from Tuesday's 1.3481 2020 high

  • EUR/USD excesses cloud sterling outlook nL1N2FZ0LQ

  • BoE members wary of UK risks nL8N2FZ41G, far from upbeat on COVID, Brexit

  • Bailey: neg rates not a near-term option, COVID risk greater than Brexit

  • Vlieghe: UK econ might take years to recover from COVID hit nL9N2ER00S

  • EUR/GBP ends NY -0.2% at 0.8884, Wed range 0.8908-0.8874; German RS miss weighs heavily on overbought EUR

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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