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Mar 18 - 07:55 PM

GBP/USD - Up Before Bundestag Vote, Trump-Putin Call

By Robert Howard  —  Mar 18 - 06:49 PM

• Cable hits 1.3005 after rising from 1.2970 (intra-day low at 0634 GMT)

• 1.3005 is highest level since Nov 7 (1.3008 was high that day)

• Ascent influenced by EUR/USD gains before Bundestag vote on spending surge

• EUR/GBP has simultaneously risen to test 0.8427 (Friday's high)

• Kremlin says Putin-Trump to speak between 1300 and 1500 GMT

• Fed rate hold expected on Wednesday. BoE rate hold expected on Thursday

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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