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Thomson Reuters
May 15 - 05:00 AM
GBP/USD - May Jump Towards 1.3618 If UK Earnings Above Forecast
First appeared on eFXplus on May 15 - 03:00 AM
  • GBP could catch a bid if UK earnings come in higher than expected at 0830GMT
  • Headline earnings f/c 2.6%, ex-bonus earnings f/c 2.9%
  • Earnings beat would be boost for hawks advocating BoE rate hike in August
  • GBP/USD offers are touted at 1.3600-10 (1.3608 was Monday's high)
  • 1.3618 was May 10 high, before GBP fell on unchanged BoE
  • Barclays reportedly advocated long GBP/USD as its TOTW Monday

UK earnings data: Click here

Source:
Thomson Reuters IFR Markets

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