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Sep 22 - 04:55 AM

GBP/USD - Awaits BoE After Drop Towards 1.12 On Hawkish Fed

By Rob Howard  —  Sep 22 - 02:45 AM
  • Cable eyes 1.1221 as USD continues to benefit from hawkish Fed nL1N30R1F1

  • 1.1221 was new 37-year low in Asia (1.1304 was Wednesday's pre-Fed low)

  • Stocks cowering as Fed flags more hikes (USD is safe-haven) nL1N30T0BC

  • BoE rate decision at 1100 GMT; hike of at least 50 bps expected nL8N30S4MM

  • SNB and Norges Bank will raise rates before BoE (at 0730 GMT and 0830 GMT)

  • UK tax cuts risk unsustainable debt rise - IFS nL8N30S5I8nL8N30R3CE

Source:
Refinitiv IFR Research/Market Commentary

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