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Feb 27 - 03:55 AM

GBP/USD - In Babushka Doll Mode As Volatility Hits 4-Year Low

By Rob Howard  —  Feb 27 - 02:50 AM
  • Cable has traded a 20.5 pip range thus far Tuesday; 1.2695 = intra-day high

  • Tuesday range-to-date tighter than Monday, which was tighter than Friday

  • Friday range was tighter than Thursday. Sterling volatility hits 4-year low

  • 1.2700-10 is GBP/USD resistance window (1.2710 was three-week high Thursday)

  • UK should resist tax cuts without detailing spending pain, IFS says

  • BRC says UK shop price inflation falls to 2.5%, lowest since March 2022

Source:
Refinitiv IFR Research/Market Commentary

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