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Oct 03 - 03:55 AM

GBP/USD Tumbles As BoE Remarks Cue Sterling Rate Cut Bets

By Ewen Chew  —  Oct 03 - 01:50 AM
  • GBP/USD tumbles as low as 1.3170 from 1.3270; precarious

  • Breach and closing below 23.6% Fibo 1.3166 will cue shorts

  • That would expose Bollinger downtrend channel at 1.3121

  • If engaged, bearish path points to test of 1.3000 ahead

  • Dovish comments from BoE spur rate cut bets nP8N3L604U

  • Governor Bailey says may be "a bit more activist" on rate cuts

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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