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Feb 21 - 06:55 AM

GBP/USD - Maintains 1.26 Handle Amid UK Budget Focus

By Rob Howard  —  Feb 21 - 05:40 AM
  • 1.2603 is low water-mark for cable since Tuesday's one-week high of 1.2668

  • 1.2603 approximates to mid-point of recent 1.2518-1.2691 range

  • Tuesday's low was 1.2580 (before rise to 1.2668). 1.2551 was Friday's low

  • UK budget in two weeks (March 6); government keeps door open to tax cuts

  • MPC dove Dhingra is due to speak to Market News at 1400 GMT nL8N3ER4GJ

  • UK February flash PMIs due Thursday at 0930 GMT; services PMI f/c at 54.1

Source:
Refinitiv IFR Research/Market Commentary

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