Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 10 - 02:55 AM

GBP/USD - Scales Three-Day Peak On UK GDP Data Beat

By Rob Howard  —  May 10 - 02:15 AM
  • Cable rises to 1.2539 (three-day high) on better than expected UK GDP data

  • UK Q1 GDP up 0.6% vs 0.4% forecast. March GDP up 0.4% vs 0.1% forecast

  • 1.2529 was Asia high (pre-UK GDP data). 1.2446 was Thursday's two-week low

  • That low was plumbed on BoE's dovish hold, 7-2 MPC vote, lower CPI forecasts

  • Subsequent gains aided by higher than expected US jobless claims data

  • UK GDP data beat is boost for hawks opposed to BoE rate cut in June

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!