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May 07 - 11:55 AM

GBP/USD - Offers Expected Pre-1.26 Before BoE Rate Guidance

By Rob Howard  —  May 07 - 09:40 AM
  • 1.2562 is high water-mark for cable since its Ldn am drop to test 1.2530

  • Offers expected pre-1.26 if ascent extends: 1.2593 was Monday's high

  • BoE rate decision Thursday: Will Ramsden join Dhingra in voting for a cut?

  • Markets currently see 46% chance of BoE rate cut in June0#BOEWATCH

  • Technical fault delays BoE weekly indexed repo until Wednesday nL8N3HA3ZP

  • UK's Labour Party says Tory PM Sunak is out of touch on economy nL1N3HA1AY

Refinitiv IFR Research/Market Commentary


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