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Feb 25 - 03:55 AM

GBP/USD - Maintains 1.26 Handle As Ofgem News Digested

By Robert Howard  —  Feb 25 - 02:36 AM

• Cable maintains 1.26 handle as US-China tech war ratchets up

• Bids pre-1.2600 based drop from Monday's nine-week high near 1.27

• UK's Ofgem says energy price cap will rise by 6.4% from April

• Increase adds to dilemma for BoE, re: risk of new period of high inflation

• MPC ultra-dove Dhingra says BoE policymakers divided over rate-cut pace

• UK PM Starmer to visit President Trump in the White House on Thursday

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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