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Nov 17 - 04:55 AM

GBP/USD - Rises To Intra-Day High Before UK Budget Plan

By Rob Howard  —  Nov 17 - 02:45 AM
  • Cable rises to 1.1926 (intra-day high) before Hunt unveils UK budget plan

  • 1.1834-1.1942 was Wednesday's range, after 1.1792-1.2026 NY range Tuesday

  • BoE's Bailey on Wednesday: 'very tight' labour market key to rates outlook

  • See: nL8N32C5M6nL8N32C4H2. 50 bps BoE rate rise expected in Dec

  • GS expects 50 bps Fed rate hike in Dec; 25 bps hikes in Feb, March and May

  • See: nL1N32C27D. Republicans win House majority nL1N32C35PnL1N32D01M

Source:
Refinitiv IFR Research/Market Commentary

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