Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 19 - 04:55 AM

GBP/USD - Up Before BoE MPA, After Fed's 50 Bps Cut

By Rob Howard  —  Sep 19 - 02:40 AM
  • Cable rises to 1.3241 (intra-day high) ahead of BoE MPA at 1100 GMT

  • BoE set to hold rates at 5% with bond sales in spotlight nL8N3L00RD

  • 1.3298 was Wednesday's 30-month high, after Fed cut rates by 50 bps

  • Wednesday's high was two pips shy of an exotic option barrier level

  • Profit-taking on dollar shorts then helped deflate GBP/USD to 1.3155

  • 1.3155 was 8 pips shy of Tuesday's low. US claims data 1230 GMT; 230k f/c

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
!