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Sep 23 - 04:55 AM

GBP/USD - Rises From One-Month Low Before UK PMIs And BoE MPA

By Rob Howard  —  Sep 23 - 02:47 AM
  • Cable hits 1.3653 after pushing its recovery envelope from 1.3610

  • 1.3610 was Wednesday's one-month low, during Powell's news conference

  • Powell spoke relatively hawkishly about Fed's taper timeline nL1N2QN1LU

  • Offers expected pre-1.37 if GBP/USD extends north (1.3688 = Tuesday's high)

  • UK Sept flash PMIs at 0830GMT may impact GBP ahead of BoE MPA at 1100GMT

  • See: nL8N2QO25O. UK service PMI f/c 55.0; manufacturing PMI f/c 59.0

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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