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Oct 17 - 05:55 AM

GBP/USD - Above 1.12 Before UK Fiscal Statement At 1000 GMT

By Rob Howard  —  Oct 17 - 05:10 AM
  • 1.1228 is cable low water-mark since its 1.1305 intra-day peak at 0616 GMT

  • Peak was scaled on news Hunt to deliver UK fiscal statement this am (BST)

  • See: nL1N31I0F0. Hunt's statement is expected around 11am BST nL1N31I0AB

  • Gilt yields lower pre-Hunt (BoE gilt support ended Friday) nL8N31I1LM

  • 1.1153 was GBP/USD low Friday, after nine minute Truss briefing nL8N31F48S

  • MPs will try to oust PM Truss this week, Daily Mail reports nL1N31H0JP

Source:
Refinitiv IFR Research/Market Commentary

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