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