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Jan 03 - 03:55 AM

GBP/USD - Awaits Fed Minutes After Negative Start To 2024

By Rob Howard  —  Jan 03 - 02:40 AM
  • Cable holds below 1.2650 following Tuesday's near 1.5 cent fall to 1.2612

  • The fall was influenced by European/US stock losses and higher UST yields

  • 1.2612 is lowest level since Dec 13 (when Fed's dovish pivot hit USD hard)

  • Minutes from the Fed's Dec 12-13 meeting will be published at 1900 GMT

  • IoD calls on BoE to start cutting interest rates in early 2024 nL8N3DS290

  • India banks/corporate treasuries dabble more in FX pairs including GBP/USD

Source:
Refinitiv IFR Research/Market Commentary

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