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May 01 - 04:55 AM

GBP/USD - Falls To Intra-Week Low Before Fed Event Risk

By Rob Howard  —  May 01 - 02:40 AM
  • Cable falls to 1.2471 before Fed event risk: hawkish hold expected

  • 1.2471 is lowest level this week (1.2449 was last Friday's low)

  • 1.2554 was Tuesday's Ldn am high, before USD rose on hot US labor cost data

  • US spending on London real estate rebounds to 8-year high - BNP Paribas data

  • UK house prices down 0.4% in April vs f/c increase of 0.2% - Nationwide data

  • Reuters/Ipsos poll says 40% of U.S. voters support Biden vs 39% for Trump

Source:
Refinitiv IFR Research/Market Commentary

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