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Nov 22 - 05:55 AM

GBP/USD - Holds Above 1.34 As Bailey Hedges BoE Dec Hike Bets

By Rob Howard  —  Nov 22 - 04:06 AM
  • Cable has traded a 29 pip range thus far Monday, 1.3419-1.3448

  • Those parameters are within Friday's 1.3410-1.3509 range

  • 1.3410 was 10 pips shy of Wednesday's intra-week low (pre-hot UK CPI data)

  • Bailey hedged his bets on Dec 16 BoE rate vote in Sunday Times interview

  • See: nL8N2SB05P. GBP tanked after BoE kept rates at 0.1% on Nov 4

  • IMM speculators raise net GBP short position to 17-month high nL1N2SD0F8

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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