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Oct 28 - 11:55 AM

GBP/USD - Helped Towards Intra-Day Top By EUR Gains Vs Dollar

By Rob Howard  —  Oct 28 - 09:40 AM
  • Cable helped towards 1.3774 by EUR/USD gains as Lagarde speaks nL1N2RO0DP

  • EUR/GBP has simultaneously risen to an intra-day high nL1N2RO1K8

  • 1.3774 was Ldn am high intra-day high (1.3780 was Wednesday's high)

  • 1.3731 was early NY low -- before U.S. Q3 GDP data miss hurt the USD

  • See: nL1N2RN30R. BoE meets next week, 15 bps rate hike to 0.25% expected

  • Tax rises and inflation to squeeze UK living standards - IFS nL8N2RO4L5

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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