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TDUX
Apr 30 - 03:55 AM

GBP/USD - Weighed Down By Hawkish Fed, Higher Oil; BoE Ahead

By Robert Howard  —  Apr 30 - 02:29 AM

• Cable falls to 1.3455 as Fed's hawkish tilt, higher oil prices buoy safe-haven dollar

• Brent oil rises 7% on report U.S. considering military options to break Iran deadlock

• 1.3455 is the lowest level since April 24 (1.3455 was also the low that day)

• BoE is expected to keep policy rate at 3.75% at 1100 GMT; hawk Pill to dissent

• 'Peak pound' may be over as multiple risks rise for UK markets

• 1.35 is now a GBP/USD resistance level (1.3493 was Asian session high)

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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