By Rob Howard — Dec 15 - 05:55 AM
Cable met headwind just beyond 1.2350 after rallying off 1.2297 (2-day low)
There is a decent size 1.2350 option expiry for the 10am ET NY cut
1.2297 was plumbed as equity losses hurt risk-sensitive pound nL1N3350JE
1.2378 was Asia low. 1.2346-1.2446 was post-Fed hike range Wednesday
BoE rate decision at 1200 GMT; 50 bps hike to 3.5% expected nL8N3344CI
Possible four-way vote split on MPC (Tenreyro and Dhingra most dovish)
Source:
Refinitiv IFR Research/Market Commentary