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May 06 - 11:55 AM

GBP/USD - Pivots 1.39 After Retreat From BoE News-Spurred Top

By Rob Howard  —  May 06 - 09:50 AM
  • 1.3885 is low water-mark for cable since its jump to 1.3942 (intra-week top)

  • Jump was fuelled by news BoE to slow pace of bond-buying nL1N2MT0VT

  • More: nL8N2MT5ISnL8N2MT636. 1.3859 was two-day low at 1103GMT

  • As BoE dust settles, GBP focus may switch to Scottish election results

  • See: nL1N2MT0KK. Large 1.3900 option expiry Friday (post-NFP data)

  • EUR/GBP up to 0.8686 after dropping to 0.8639 on BoE news nL1N2MT0ZB

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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