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Oct 27 - 03:55 AM

GBP/USD - Maintains 1.21 Handle As Global Stocks Rise

By Rob Howard  —  Oct 27 - 03:00 AM
  • Cable holds above 1.2100 as equity gains support the risk-sensitive pound

  • 1.2141 was Asian session high (3.5 pips shy of Monday's low)

  • GBP/USD vaulted 1.2100 on Thursday as lower UST yields deflated the dollar

  • 1.2070 was three-week low 24 hours ago (when 10-year UST yield near 5%)

  • Fed and BoE are both expected to leave interest rates unchanged next week

  • House Republicans eye stopgap funding measure to head off US shutdown risk

Source:
Refinitiv IFR Research/Market Commentary

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