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Aug 04 - 03:55 AM

GBP/USD - Holds Above 1.21 Pre-BoE Rate Decision At 1100 GMT

By Rob Howard  —  Aug 04 - 02:40 AM
  • Cable has traded 38 pip range thus far Thursday, 1.2129-1.2167, pre-BoE MPA

  • BoE rate decision at 1100 GMT; 50 bps hike to 1.75% expected nL8N2ZF631

  • 1.2100 was Wednesday's intra-week low, after U.S. ISM service index beat

  • See: nL1N2ZF1GR. 1.2291 was Monday's five-week high (pre-Taiwan tension)

  • Truss's UK tax plans risk 1970s inflation spiral - former minister Lawson

  • See: nL8N2ZF7E9. Truss looks set to replace Johnson as UK PM on Sept 5

Source:
Refinitiv IFR Research/Market Commentary

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