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Jun 18 - 03:55 AM

GBP/USD - Awaits BoE After Drop To 10-Week Low On Hawkish Fed

By Robert Howard  —  Jun 18 - 02:32 AM

• Cable slid to 1.3264 as dollar jumped on Fed's hawkish hold Wednesday

• 1.33845 was pre-Fed low. 1.3325 (June 11 low) is now a resistance level

• U.S. and Iran presidents sign ceasefire agreement

• UK jobless rate 4.9% vs 5.0% forecast; wages up 3.4% vs 3.2% forecast

• BoE is set to keep its policy rate at 3.75% at 1100 GMT; 7-2 MPC vote likely

• Voters cast ballots in Makerfield poll crucial to UK PM Starmer's future

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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