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Nov 08 - 08:36 AM
GBP/USD - Drops To Threaten Thursday's Two-Week Low
First appeared on eFXplus on Nov 08 - 06:40 AM
  • Cable drops to eye 1.2794 as the USD strengthens across-the-board

  • 1.2794 was Thursday's two-week low, after 7-2 BoE MPC vote split shock

  • See: nL8N27N6EX. 1.2794 = four pips shy of Oct 24 low nL2N27N0RC

  • EUR/USD has fallen to 1.1028 (EBS), its lowest level since Oct 16

  • Michigan Sentiment Nov index due 1500GMT, 95.9 is consensus forecast

  • Beat could further inflate USD, and depress cable towards 1.2750

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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