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Sep 21 - 09:55 PM

GBP/USD - At Lowest In 37 Years; BOE Won't Keep Pace With Fed

By Ewen Chew  —  Sep 21 - 07:50 PM
  • GBP/USD tumbles to 37-yr low 1.1237 in wake of FOMC; last 1.1254

  • Fed hikes 75bps, sees further big rises ahead nL1N30R1F1

  • That means more pain for GBP, as 1.1000 barrier attracts

  • Bearish chart signal affirmed; downtrend channel caps 1.1394

  • BOE expected to hike 50bps today but may not keep pace with Fed

  • UK inflation outlook could improve slightly nL8N30S4MM

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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