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Nov 07 - 03:55 AM

GBP/USD - Rises From Trump Win-Spurred Low Pre-BoE, Fed Risks

By Rob Howard  —  Nov 07 - 02:45 AM
  • Cable eyes 1.2950 (Tuesday low) after pushing recovery envelope from 1.2835

  • 1.2835 was Wednesday's 12-week low, after USD jumped on Trump's election win

  • BoE rate decision at 1200 GMT; 25 bps cut to 4.75% expected nL8N3MD2NU

  • GBP/USD might extend north towards 1.30 on relatively hawkish BoE cut

  • 1.2996 is 76.4% Fibo of the Trump win-spurred slide from 1.3046 to 1.2835

  • Fed rate decision at 1900 GMT; 25 bps cut expected nL1N3MD1AX

Source:
Refinitiv IFR Research/Market Commentary

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