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TDUX
Jul 29 - 04:55 AM

GBP/USD - Near 1.33 Before Fed Rate Decision

By Robert Howard  —  Jul 29 - 02:45 AM

• Cable has traded a 21.5 pip range thus far Wednesday; 1.32815-1.3303

• 1.3303 is 8.4 pips shy of Tuesday top. 1.3274 was four-week low on Tuesday

• Dollar will react to Fed interest rate decision at 1800 GMT; hold or hike?

• BoE MPA Thursday: 7 of 9 Times shadow MPC members advocate rate hold

• The other two say BoE should raise rates. BoE MPC may vote 6-3 for hold

• Oil prices rise after US, Saudis attack Iran-backed groups in Iraq

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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