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Feb 07 - 03:55 AM

GBP/USD - Near 1.20 Before Powell Speaks In Washington

By Rob Howard  —  Feb 07 - 02:40 AM
  • Cable has traded a 39 pip range thus far Tuesday; 1.2018-1.2057

  • 1.2057 is also the high water-mark since Monday's one-month low of 1.2006

  • Drop to 1.2006 spurred by hawkish shift in Fed expectations nL1N34M1Y2

  • Fed chair Powell will speak at the Economic Club of Washington at 1740 GMT

  • GBP/USD could fall further if Powell is more hawkish than expected

  • UK house prices stabilise after four-month fall, Halifax says nL8N34N1KE

Source:
Refinitiv IFR Research/Market Commentary

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