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Sep 18 - 04:55 AM

GBP/USD - Hugs 1.24 As Fed, BoE Event Risk Week Gets Underway

By Rob Howard  —  Sep 18 - 02:40 AM
  • Cable hugs 1.2400 after plumbing 15-week low of 1.2377 at the Asian open

  • 1.2380 was pre-weekend low. There is a large 1.2400 option expiry Wednesday

  • Fed seen on hold Wednesday. BoE readies what may be its final hike Thursday

  • David Smith in Sunday Times-A pause that refreshes is the BoE's best option

  • UK August inflation data due Wednesday; CPI f/c at 7.1% YY vs 6.8% in July

  • Starmer vows to improve UK's Brexit deal if Labour wins next election - FT

Source:
Refinitiv IFR Research/Market Commentary

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