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Dec 16 - 05:55 AM

GBP/USD - Rises To Two-Week High Before BoE Rate Verdict

By Rob Howard  —  Dec 16 - 03:51 AM
  • Cable scales 2-week peak just shy of 1.33 after extending north from 1.3172

  • 1.3172 was Wednesday's one-week low, after knee-jerk USD gain on hawkish Fed

  • See: nL1N2T10EI. 1.3311 (Dec 3 high) is a resistance level beyond 1.3300

  • BoE rate decision at 1200 GMT: most economists see no change due to Omicron

  • See: nL8N2T05AUnL1N2T1037. UK Dec PMIs due at 0930 GMT; service f/c 57

  • GBP shorts may be squeezed if the BoE raises rates at 1100 GMT nL1N2T00OV

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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