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Feb 04 - 03:55 AM

GBP/USD - Falls To Two-Week Low Ahead Of BoE Event Risk

By Rob Howard  —  Feb 04 - 02:19 AM
  • Cable hits 1.3590 after extending south from 1.3654 (Asian session high)

  • 1.3590 is the lowest level since Jan 19 (1.3581 was the low that day)

  • Weakness precedes BoE MPA and negative interest rate feedback at 1100GMT

  • BoE is expected to keep Bank Rate and QE programme unchanged nL1N2K9102

  • EU rebuffs UK demand to soften N.Ireland Brexit trade terms nL1N2K90MN

  • Many UK companies report trade hassles from Brexit shift: HSBC nL8N2K95ED

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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