Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 24 - 07:55 AM

GBP/USD - Remains Under 1.40 Before BoE MPA

By Rob Howard  —  Jun 24 - 06:02 AM
  • Cable has traded a 35.5 pip range since Ldn open; 1.3950 marks range base

  • Bank of England MPA at 1100GMT: QE vote dissents in focus nL2N2O60L9

  • 7-2 or 6-3 QE vote split might inflate GBP/USD to/through 1.40 (8-1 in May)

  • 1.40 is a former support point turned resistance level (1.4001 = Weds high)

  • Stops below 1.40 were tripped on hawkish Fed dot plots last week (June 16)

  • Number of furloughed staff in UK falls to record-low 1.5 mln nL5N2O61VU

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!