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Mar 18 - 11:55 AM

GBP/USD - Drops Towards 1.31 On Fed Waller's 50 Bps Talk

By Rob Howard  —  Mar 18 - 09:40 AM
  • Cable falls to 1.3111 as USD strengthens on hawkish steer from Fed's Waller

  • Waller says series of half point increases may be needed at coming meetings

  • See: nL2N2VL11F. 1.3111 = intra-day low (1.3088 was Thursday's low)

  • Bullard says Fed rates should top 3% this year nL2N2VL0SUnL2N2VL0RZ

  • Concern about situation in Ukraine is also weighing on GBP/USD nL2N2VL047

  • Cable was trading above 1.35 before Ukraine conflict started on Feb 24

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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