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Aug 29 - 06:55 AM

GBP/USD - Holds 1.26, But Month-End Flows May Keep Bears In Control

By Justin Mcqueen  —  Aug 29 - 04:35 AM
  • Firmer risk appetite lends support to Cable with pair holding above 1.26

  • Reminder that today is corporate month-end, typically dollar positive

  • GBP/USD cumulative return is -8.7% since 2010 on corporate month-end

  • BoE's Broadbent says inflation unlikely to unwind as quickly as it emerged

  • Markets continue to price in additional BoE rate hikes 0#BOEWATCH

  • Upcoming UK CPI and wage data will be a key decider for future hikes

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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