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Jan 27 - 08:36 AM

GBP/USD - Within Strike Of 1.31 As BoE Verdict Clock Ticks

By Rob Howard  —  Jan 27 - 06:40 AM
  • Cable ran into resistance at 1.3104 after vaulting 1.3095 (Asia high)

  • 1.3104 = 38.2% Fibo of Friday's fall from 1.3180 to 1.3057

  • There are GBP 1.1bln 1.3100 option expiries this week nL8N29W1FT

  • BoE MPA Thursday: rate cut chance is considered about 50-50 nL8N29W1FT

  • CBI Jan retail sales balance due Tuesday at 1100GMT, +3 f/c vs 0 in Dec

  • Trump's 'massive' U.S-UK trade deal faces big hurdles nL1N29U07I

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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