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Jun 24 - 08:55 AM

GBP/USD - Drops To Threaten 1.39 On Another 8-1 BoE QE Vote

By Rob Howard  —  Jun 24 - 07:14 AM
  • Cable falls over half-a-cent to 1.3907 on another 8-1 BoE QE vote

  • See: nL5N2O62WF. 1.3907 = lowest level for GBP/USD since Tuesday

  • Haldane was lone MPC member to vote to trim QE, for second month in a row

  • There had been speculation that one or two other MPC members might join him

  • Haldane exits BoE next week (still no news on his replacement)

  • 1.3950 (Ldn am low, pre-BoE MPA) is now a GBP/USD resistance level

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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