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Feb 09 - 03:55 AM

GBP/USD - Eyes Wednesday High Before BoE Chief Speaks To TSC

By Rob Howard  —  Feb 09 - 02:50 AM
  • Cable eyes 1.2108 before four BoE MPC members address UK TSC from 0945 GMT

  • BoE Governor Bailey, chief economist Pill, dove Tenreyro and Haskel

  • 1.2108 was Wednesday's top, after NIESR said UK to dodge recession this year

  • Retreat from 1.2108 based at 1.2055 (1.1962 was Tuesday's one-month low)

  • UK Dec GDP data due Friday at 0700 GMT; minus 0.3% forecast nL1N34O14X

  • Biden says he sees no U.S. recession in 2023 or 2024-PBS NewsHour interview

Source:
Refinitiv IFR Research/Market Commentary

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