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Jun 24 - 04:55 AM

GBP/USD - Rises From 1.3950 Pre-BoE MPA; QE Vote In Focus

By Rob Howard  —  Jun 24 - 02:36 AM
  • Cable hits 1.3972 intra-day high after rising from 1.3950 (early London low)

  • Rise precedes BoE monetary policy announcement at 1100GMT nL5N2O52OA

  • GBP may benefit if any other MPC members join Haldane in voting to trim QE

  • All 9 Times shadow MPC members want QE trimmed by GBP 50 bln nL2N2O50HY

  • GBP/USD resistance levels include 1.4000 and 1.4019 nL2N2O60CQ

  • Offers around 1.4000 capped Wednesday's gains (1.40 is former support point)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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