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Feb 23 - 07:55 AM

GBP/USD - Remains Above 1.20 As MPC Hawk Talks

By Rob Howard  —  Feb 23 - 05:45 AM
  • Cable has traded a 60 pip range thus far Thursday; 1.2015-1.2075

  • Low was plumbed before BoE MPC hawk Mann said too soon to stop raising rates

  • Money markets currently see 95% chance of 25 bps BoE rate hike next month

  • 0#BOEWATCH. ONS says 25% of British firms expect to raise prices in March

  • 1.2015 is also lowest level since UK PMI beat-spurred high of 1.2147 Tuesday

  • UK CBI Feb retail sales balance due 1100 GMT; minus 13 f/c vs minus 23 prior

Source:
Refinitiv IFR Research/Market Commentary

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