Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 05 - 03:55 PM

GBP/USD - Plummets After BoE Hike, On Worrisome Recession, Inflation View

By Paul Spirgel  —  May 05 - 01:40 PM
  • GBP$ slips to new 22-mont low -2.4% at 1.2335; Thursday range 1.2630-1.2327

  • Pair craters post-BoE +25bp bank notes recession risks, rising inflation

  • Hike vote 6-3, some wanted +50bp, BoE sees Q4 inflation abv 10%; GDP slowing

  • Bears in control, widening Bolli's hint at increased vol, DMA's point lower

  • Supt at 1.2327 Thurs low, 1.2252 Jul '20 weekly low, 1.2075 late May '20 low

  • Res at 1.2362 Thurs hrly pullback high, 1.2398 lwr 30-d Bolli, 1.2420 10-HMA

  • EUR/GBP +1.35% to 0.8520, Thurs range 0.8545-0.8415; BoE missing on growth, inflation lifts cross

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!