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Jul 18 - 11:55 AM

GBP/USD - Trades Above 1.20 For First Time In A Week

By Rob Howard  —  Jul 18 - 10:00 AM
  • Cable hits 1.2010 after extending north from 1.1761 (28-month low Thursday)

  • Rise to 1.2010 aided by dovish shift in Fed expectations for July 27

  • 19% chance of 100 bps Fed hike next week vs 86% last Thursday FEDWATCH

  • Leave our monetary policy alone, BoE official tells Truss nL8N2YZ2CC

  • Truss or Sunak likely to be next UK PM, according to latest Ladbrokes odds

  • Winner of Tory leadership contest to be announced on Sept 5 nL1N2YZ0JK

Source:
Refinitiv IFR Research/Market Commentary

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