By Rob Howard — Apr 05 - 02:50 AM
Cable has traded a 29 pip range thus far Tuesday, 1.3104-1.3133
Those parameters are within Monday's range, and Friday's too (April 1)
1.3094-1.3136 was Monday's range. 1.3087-1.3148 was Friday's range
Last week's range was 1.3052-1.3181 (1.3000 was 16-month low on March 15)
Fed and BoE rate hikes expected next month; 50 bps and 25 bps respectively
BoE's Cunliffe says sustained rate hikes may not be needed nL5N2W248Z
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Source:
Refinitiv IFR Research/Market Commentary