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May 04 - 03:55 PM

GBP/USD - Steady After Well-Communicated Fed 50Bp Hike, Focus On BoE Thursday

By Paul Spirgel  —  May 04 - 02:30 PM
  • GBP$ 'unched' after Fed 50bp hike; Wed range 1.2536-1.2468

  • Well communicated hike, largest in 20-yrs seeks to curb infl at 40-yr high

  • Further 50bp hikes priced in for June and July FEDWATCH

  • Federal Open Market Committee statement, May 4, 2022 nS0N2WN00C

  • Focus shifts to Thursday's BoE MPC meeting, BOEWATCH indicates +25bp

  • GBP supt Wed low 1.2468, Apr 28 2022 low 1.2412, Jul '20 low 1.2252

  • Res Wed high 1.2536, Apr 29 high 1.2613, 10-DMA 1.2627

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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