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Sep 11 - 04:55 AM

GBP/USD - Dips After UK July GDP Below Forecast

By Rob Howard  —  Sep 11 - 02:55 AM
  • Cable dips to 1.3082 after UK July GDP miss; 0.0% vs 0.2% forecast

  • 1.3112 was Asia high (pre-UK data), after Harris-Trump election debate

  • Betting markets suggest Harris is now more likely to win Nov 5 election

  • 1.3071 was Asia low (before debate). 1.3049 was Tuesday's three-week low

  • Asia high approximates to last Friday's low (1.3108 was Tuesday's high)

  • BoE is still expected to keep rates unchanged next week, despite GDP miss

Source:
Refinitiv IFR Research/Market Commentary

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