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