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Nov 05 - 07:55 AM

GBP/USD - Rises To Highest Level Since Blue Wave Priced Out

By Rob Howard  —  Nov 05 - 06:05 AM
  • Cable reaches 1.3074 after extending north from 1.2930 (pre-BoE MPA low)

  • Ascent extension influenced by fresh gains for U.S. equity futures

  • Futures jump as potential Washington gridlock signals less regulatory risk

  • See: nL4N2HR2FB. U.S. vote count edges Biden closer to win nL1N2HR0BX

  • GOP set to retain Senate nL1N2HQ3ZN. BoE upped QE by GBP 150bln at 0700GMT

  • See: nL8N2HR22R. 1.3140 = 2-week top Wednesday before blue wave priced out

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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