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Mar 18 - 08:55 AM

GBP/USD - Awaits BoE MPA After Rising To 1.40 On Dovish Fed

By Rob Howard  —  Mar 18 - 06:50 AM
  • Cable trades close to centre of 1.3946-1.4001 early London range, pre-BoE

  • 1.4001 = highest level since March 12, courtesy of dovish Fed nL1N2LG0EH

  • Ensuing retreat to 1.3946 fuelled by jump in 10-year UST yield to 1.74%

  • See: nL8N2LG21A. Gilt yields rise to one-year high nL9N2JX01D

  • GBP may benefit if BoE is more hawkish than expected at 1200GMT nL8N2LF580

  • IR futures currently price 77% chance of 15bp BoE hike to 0.25% by Sept 2022

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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