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Thomson Reuters
May 02 - 06:12 AM
GBP/USD - Gets Closer To 1.31 Again, Ahead Of BoE Event Risk
First appeared on eFXplus on May 02 - 04:15 AM
  • Cable has risen to 1.3080 since threatening 1.3037 in early London trade
  • 1.3037 was Wednesday's NY session low after USD rose on Powell nS0N21R01C
  • Offers around 1.31 capped GBP/USD at a two-week high Wednesday, pre-Powell
  • Those offers included profit-taking on longs (1.2906 = Monday's low)
  • GBP strength precedes BoE QIR and MPC minutes at 1100GMT nL1N22E041
  • Carney will answer media questions about the QIR from 1130GMT nL5N22D48S

GBPUSD: Click here

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