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Oct 27 - 03:55 AM

GBP/USD - Respects Tuesday's Low Ahead Of UK Budget News

By Rob Howard  —  Oct 27 - 02:50 AM
  • Cable holds above 1.3759 (Tuesday's low) pre-UK budget news from 1130 GMT

  • Sunak to boost investment/keep grip on spending nL8N2RL1L3nL9N2P500X

  • Tuesday's low was plumbed after another topside failure around 1.3831

  • See: nL1N2RM1LF. 1.3742 (Monday's low) is a support point below 1.3759

  • BoE is expected to raise rates by 15 bps to 0.25% next week (Nov 4)

  • BoE hike would expose Treasury/Central Bank tangle nL8N2RL5RI

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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