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Jun 29 - 11:55 AM

GBP/USD - Down Towards 1.21 On Hawkish Powell, Dovish Dhingra

By Rob Howard  —  Jun 29 - 09:55 AM
  • Cable falls to new 13-day low of 1.2110 as Powell, Bailey and Dhingra speak

  • Powell: Is there a risk we could go too far? Yes, not the biggest risk

  • See: nF9N2WY011. Powell is speaking alongside Bailey/Lagarde nL8N2YG4FP

  • New BoE policymaker Dhingra favours "very gradual" move on ratesnS8N2W30DT

  • Dhingra replaces hawk Saunders on MPC five days after Aug 4 BoE rate verdict

  • 1.2042 (June 16 low) and 1.2000 are GBP/USD support points below 1.21

Source:
Refinitiv IFR Research/Market Commentary

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