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Sep 16 - 03:55 PM

GBP/USD - Soars, Flirts With 1.32 As Fed Jumbo Rate Cut Odds Tick Higher

By Paul Spirgel  —  Sep 16 - 01:50 PM
  • GBP$ holds gain in NY afternoon, +0.6% at 1.3203; Monday range 1.3214-1.3126

  • Pair bid as Fed -50bp odds rise, IRPR indicates 60% odds come Wednesday

  • BoE -25bp odds rising was 20% last week, now hovers near 40% IRPR

  • Sterling eyes 2024 highs as BoE seen less-dovish than Fed, for now

  • UK CPI Wed pre-Fed rate decision in focus; core m/m f/c 0.4% vs 0.1% in July

  • Res 1.3214 Mon high, 1.3269 Aug 27 high on Aug 27, 1.3367 upper 30-d Bolli

  • Supt 1.3172 the 21-DMA, 1.3126 Monday Low, 1.3064 Senkou line

Source:
Refinitiv IFR Research/Market Commentary

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