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May 02 - 05:55 AM

GBP/USD's April Performance Worst Since Oct 2016

By Peter Stoneham  —  May 02 - 04:10 AM
  • Big down move in April for GBP/USD: a 4.3% drop from Mar's 1.3144 close

  • Market focus is on this week's BoE meet and prospects for a rate hike

  • BoE caught between high inflation and fragile econ growth nL3N2WR1T8

  • Sterling at risk to a dovish leaning from the policy board

  • Expectations for the base rate to rise 1.0% from 0.75%: here lies GBP risk

  • British public's infl. Expectations have fallen nL5N2WQ7Y0

  • GBP/USD levels: 1.2412 Thursday low and 1.2613 Friday high

  • Technically, sterling's position looks precarious despite rebound risk

    For more click on FXBUZ






GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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