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Sep 07 - 03:55 AM

GBP/USD - Near 30-Month Low Before BoE Chief Speaks To UK TSC

By Rob Howard  —  Sep 07 - 02:55 AM
  • Cable fell to 1.1455 in Asia as USD index hit new 20-year high nL1N30E0BW

  • 1.1444 was Monday's 30-month low (1.1413 was 35-year low in March 2020)

  • Tuesday's high was 1.1609 -- before Truss replaced Johnson as UK PM

  • See: nL1N30D0AI. Truss energy support plan expected Thursday nL8N30E13Z

  • BoE chief Bailey and three other MPC members to address UK TSC from 0900 GMT

  • See: nL1N30C0OQ. BoE rate decision next week: 75 or 50 bps hike expected

Source:
Refinitiv IFR Research/Market Commentary

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