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Thomson Reuters
May 02 - 08:36 AM
GBP/USD - Ebbs And Flows As Market Digests BoE Messages
First appeared on eFXplus on May 02 - 07:20 AM
  • Cable elicited support pre-1.3019 after dropping from 1.3083 (post-BoE high)
  • 1.3019 was last week's high. 1.3039-1.3080 was Ldn am range nL1N22E04V
  • MPC voted 9-0 to keep rates at 0.75 pct, BoE ups GDP forecasts nU8N1A4002
  • 9-0 vote is blow for hawks advocating BoE rate hike in August (pre-Brexit)
  • Carney's press briefing starts at 1130GMT (usually lasts about an hour)
  • 1.3000, 1.2979 (100DMA) and 1.2960 (200DMA) are support points under 1.3019

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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