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Oct 12 - 03:55 PM

GBP/USD - Rallies As Market Prices For Gilt-Buying Extension

By Paul Spirgel  —  Oct 12 - 01:45 PM
  • GBP$ rose 1% to 1.1070 Thursday, firm into close; NorAm range 1.1099-25

  • Pair holds gain as market shrugs off Bailey, prices for gilt-buy Click here

  • U.S. CPI Thursday in focus, main event Friday's BoE gilt-buying deadline

  • Extended BoE bond-buying chatter a lifeline to sterling bulls nL1N31D18V

  • GBP supt 1.0925 Wed low, 1.0910 50% of 1.0327-1.1493, 1.0755 lwr 30-d Bolli

  • Res 1.1099 Oct 12 high, 1.1175 10-DMA, 1.1226 Oct 7 high, 30-DMA caps 1.1286

  • EUR/GBP -1.1% to 0.8747, Wed range 0.8865-0.8735; extended BoE gilt support tone boosts GBP

Source:
Refinitiv IFR Research/Market Commentary

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