eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
Nov 04 - 02:55 AM
–
GBP/USD - Surfs Blue Wave To Seven-Week High
By Robert Howard — Nov 04 - 02:32 AM
• Cable rises to 1.3474 as dollar weakens on blue wave in US
• Democrats seize Congress in sweeping midterm repudiation of Trump
• 1.3474 is highest level since Sept 16 (1.3493 was high that day)
• UST yields lower. 1.3197-1.3232 was GBP/USD range on Tuesday
• UK Oct final services PMI due at 0930 GMT; 53.1 forecast
• BoE is expected to raise its policy rate by 25 bps to 4%
on Thursday
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters