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Oct 18 - 11:55 AM

GBP/USD - Is Having A Tranquil Monday, Unlike Gilt Yields

By Rob Howard  —  Oct 18 - 09:58 AM
  • Cable has traded a modest 30 pip range since the London open, 1.3717-1.3747

  • GBP/USD calm contrasts with gilt market, where yields have rocketed

  • Two-year gilt yield set for biggest one-day rise since Dec 2015 nL1N2RE0KA

  • On Sunday, Bailey sent fresh signal that BoE gearing up to hike nL1N2RD07B

  • 1.3765 was GBP/USD high in Asia, on Bailey. 1.3773 was four-week high Friday

  • First BoE hike expected Nov 4 nL1N2RE0SC. UK Sept CPI data due Wednesday

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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