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Nov 05 - 05:55 AM

GBP/USD - Pivots 1.35 After Thursday's Tumble On BoE Surprise

By Rob Howard  —  Nov 05 - 03:37 AM
  • Cable pivots 1.35 after biggest one-day fall since March 2020 on Thursday

  • Fall was fuelled by BoE unexpectedly keeping Bank Rate at 0.1% at 1200 GMT

  • See: nL8N2RV5VEnL1N2RV26V. Money markets had priced in a 15 bps hike

  • 1.3472 was Thursday's five-week low, courtesy of BoE's dovish surprise

  • GBP/USD was at 1.3652 into BoE MPA. U.S. Oct NFP data due 1230 GMT, 450k f/c

  • More France-UK talks on fishing scheduled for next week nL1N2RV1E2

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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