Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 06 - 03:55 PM

GBP/USD - Higher After BoE Holds, Quashes Negative Rate View

By Paul Spirgel  —  Aug 06 - 01:40 PM
  • GBP/USD ending NorAm +0.35% at 1.3160; NY range 1.3178-20

  • BoE holds, defers on neg rates; GBP/USD eyes Mar high 1.3200 nL1N2F808X

  • Pair firm into close, drifts back toward early Europe high 1.3178

  • US payrolls trepidation tempers BoE-inspired sterling rally nL1N2F80V9

  • Above Jan 31's 1.3210 bulls eye Dec 31's 1.3284, then post-elex high 1.3516

  • EUR/GBP -0.23% at 0.9023, Thurs range 0.9053-0.8985 on UK neg rate reprieve

  • EUR/USD offered above 1.19, 3rd try in last 5 sessions weighs on cross

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!