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Jan 11 - 11:55 AM

GBP/USD - Holds Sub-1.35 As Dove Sets Out Sub-Zero UK Rate Case

By Rob Howard  —  Jan 11 - 09:39 AM
  • GBP/USD holds below 1.35 as BoE's Tenreyro sets out case for sub-zero rates

  • See: nS8N2IB041. 1.3459 was 13-day low before MPC dove spoke nL1N2JM11F

  • Drop to 1.3459 influenced by higher UST yields and COVID-19 risks in UK

  • Money markets ramp up bets on U.S. interest rate hikes by 2023 nL4N2JM1YV

  • PM Johnson on UK lockdown rules: "Where we have to tighten them, we will"

  • See: nS8N2J400A. 1.3533 (last week's low) is a resistance level above 1.35

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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