By Rob Howard — Oct 24 - 03:45 AM
Cable rise to 1.2965 influenced by higher gilt yields on cautious Bailey
1.2965 is highest level since Wednesday's nine-and-a-half week low of 1.2908
Offers may emerge pre-1.30 if ascent extends (1.2995 was Wednesday's high)
UK Oct flash PMIs due at 0830 GMT: services PMI f/c 52.4; mfg PMI f/c 51.4
PMI beats would be blow for doves advocating BoE cut in Dec as well as Nov
BoE chief Bailey is due to give lecture at CFTC in Washington DC at 1945 GMT
Source:
Refinitiv IFR Research/Market Commentary