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Mar 19 - 05:55 AM

GBP/USD - Drops Through 1.27 As Dollar Jumps Vs Yen

By Rob Howard  —  Mar 19 - 03:55 AM
  • Cable falls to 1.2696 as USD/JPY jumps following BoJ policy shift

  • 1.2696 is lowest level since March 6 (1.2694 was low that day)

  • Support points below 1.2694 include 1.2671 (March 5 low) and 1.2650

  • UK Feb inflation data due Wednesday at 0700 GMT; CPI forecast at 3.5% YY

  • Cooler than expected UK CPI would be boost for doves advocating BoE Q2 cut

  • BoE MPA Thursday (1200 GMT). Fed policy announcement Wednesday (1800 GMT)

Source:
Refinitiv IFR Research/Market Commentary

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