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Mar 22 - 04:55 AM

GBP/USD - Deflated By Growing Risk Of 50 Bps Fed Hike In May

By Rob Howard  —  Mar 22 - 03:40 AM
  • Cable hit 1.3121 circa 0700 GMT after extending south from 1.3210

  • 1.3210 was Monday's high, before USD rose on Powell's hawkish message

  • See: nL2N2VO1LG. GS expects 50 bps Fed hikes in May and June nL2N2VP0A3

  • UST yields up nL2N2VP073. 1.3121 is 10 pips shy of last Friday's low

  • 1.3210 was pip shy of last Thursday's high (1.3088 was Thursday's low)

  • UK Feb PSNB ex-banks GBP 13.1 billion vs GBP 8.1 billion f/c nAPN0I1TJP

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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