By Justin Mcqueen — Oct 24 - 06:45 AM
A softer set of UK PMI figures has done little to alter the BoE outlook
BoE remain f/c to cut in Nov, while Dec cut odds sit at 65%
By extension, GBP has held onto the morning gains
Though prior support, turned resistance (100DMA) is capping for now
Above the 100DMA (1.2966), further resistance rests at 1.3013 (200HMA)
Latest BoE's Bailey remarks provide a lack of fresh insight on rate outlook
Looking ahead, BoE's Mann (Hawk) is due to speak at 1300GMT
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Source:
Refinitiv IFR Research/Market Commentary