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Oct 25 - 08:55 AM

GBP/USD - Remains Sub-1.38 Before MPC Dove Tenreyro Speaks

By Rob Howard  —  Oct 25 - 07:04 AM
  • Cable has traded a 45 pip range thus far Monday, 1.3745-1.3790

  • Those parameters are within Friday's range nL1N2RL0DV

  • Friday's low was just shy of a 23.6% Fibo support level nL1N2RL0FH

  • IMM specs flipped to net GBP long position in week ended Oct 19 nL1N2RL0CL

  • MPC dove Tenreyro to speak at 1300 GMT: 15 bps BoE hike expected next week

  • Wednesday's budget is biggest UK event risk pre-BoE MPA Nov 4 nL9N2PI02B

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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