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Dec 13 - 05:55 AM

GBP/USD - Deflated By Omicron Concerns Pre-BoE Event Risk

By Rob Howard  —  Dec 13 - 04:01 AM
  • Cable has traded a 23 pip range since the London open, 1.3222-1.3245

  • 1.3222 is the lowest level since Friday's three-day high of 1.3276

  • Drop to 1.3222 influenced by PM's warning that UK faces Omicron "tidal wave"

  • See: nL8N2SX0NH. Omicron accounts for 40% of Ldn infections nL8N2SY1B2

  • BoE rate decision Thursday: Omicron tilts balance of risk to no change

  • 1.3162 was one-year low Dec 8 on word of tougher UK restrictions vs Omicron

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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