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Jan 30 - 06:12 AM

GBP/USD - Drops To Eye One-Week Low Ahead Of BoE Rate Verdict

By Rob Howard  —  Jan 30 - 03:50 AM
  • Cable down to eye 1.2976 ahead of knife-edge BoE rate decision at 1200GMT

  • See: nL8N29Y66FnL1N29Y0YW. 1.2976 was Tuesday's one-week low

  • 1.3026 was the Asian session high (1.3028 was Wednesday's high)

  • Support points below 1.2976 include 1.2955 and 1.2900 nL1N29Y06Q

  • 1.2955 marks the 2020 low (Jan 14). 1.2962 was last week's low (Jan 20)

  • BoE nuance key for GBP beyond cut/hold nL1N29Y05K

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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