Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 15 - 04:55 AM

GBP/USD - Near One-Week Low After US PPI Data-Spurred Drop

By Rob Howard  —  Mar 15 - 03:40 AM
  • Cable has traded a 24 pip range thus far Friday; 1.2730-1.2754

  • 1.2730 is lowest level since March 7 (1.2732 was Thursday's low)

  • 1.2822 was Thursday's high - before USD rose on above-forecast US PPI data

  • Fed and BoE monetary policy decisions next week (on Wednesday and Thursday)

  • 40% of economists polled by Reuters predict first BoE rate cut in Q2

  • PM Sunak rules out holding UK election on May 2 (November election expected)

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!