By Rob Howard — Nov 10 - 02:30 AM
Cable rises to 1.2235 intra-day high on better than expected UK GDP data
UK Sept GDP up 0.2% vs 0.0% f/c; Q3 GDP 0.0% vs minus 0.1% f/c nL8N3CB1P6
1.2213-1.2229 was Asia range (pre-UK GDP data). 1.2213 was Thursday low too
Thursday low was plumbed after the dollar strengthened on hawkish Powell
Disappointing US 30-year auction lifted UST yields/USD before Powell spoke
UK Sept/Q3 GDP data beats are blow for doves advocating early BoE rate cut
Source:
Refinitiv IFR Research/Market Commentary