By Rob Howard — Sep 19 - 05:30 AM
Cable up to 1.3287 (intra-day high) before BoE monetary policy announcement
BoE set to hold rates at 1100 GMT with bond sales in spotlight nL8N3L00RD
Offers may emerge pre-1.3300 (option barrier level) if ascent extends
1.3298 was Wednesday's 30-month high, after Fed's 50 bps rate cut
There is a very large 1.3300 option expiry for the 10am ET NY cut
1.3324, 76.4% Fibo of 1.4250-1.0327, is a resistance level beyond 1.3300
Source:
Refinitiv IFR Research/Market Commentary