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Apr 05 - 04:55 AM

GBP/USD - Holds Above 1.31 As Volatility Takes Timeout

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

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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