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Mar 17 - 05:55 AM

GBP/USD - Rises To One-Week High Ahead Of BoE Rate Decision

By Rob Howard  —  Mar 17 - 03:35 AM
  • Cable climbs to 1.3180 as global equity gains lift risk-sensitive pound

  • Nikkei up 3.4% nL3N2VK1HC. 1.3180 = 1-week high (1.30 = 16-month low Tues)

  • 1.3043 was low at start of Powell briefing Weds, after 25 bps Fed rate hike

  • See: nL2N2VI1CDnL2N2VJ19M. UST yield curve flattens nL2N2VJ3C8

  • 1.32 is GBP/USD resistance level. 25 bps BoE hike f/c 1200 GMT nL5N2VJ5FR

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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