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Nov 04 - 05:55 AM

GBP/USD - Remains Below 1.37 Before Knife-Edge BoE Decision

By Rob Howard  —  Nov 04 - 03:35 AM
  • Offers just shy of 1.37 kept lid on cable in Asia, after gains on dovish Fed

  • See: nL1N2RT12T. 1.37 is former support point (sub-1.37 stops hit Oct 29)

  • BoE MPA at 1200 GMT, analysts split on chance of rate hike nL8N2RU74Z

  • GBP/USD might drop through 1.3600 if BoE leaves Bank Rate at 0.1% today

  • Bids pre-1.3600 based cable at three-week low on Tuesday/Wednesday

  • Pound may benefit if BoE raises rates and immediately ends QE nL1N2RP0MX

GBPTWI Click here

Source:
Refinitiv IFR Research/Market Commentary

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