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Nov 04 - 06:55 AM

GBP/USD - Retreats From Dovish Fed-Spurred High Pre-BoE MPA

By Rob Howard  —  Nov 04 - 04:39 AM
  • Cable hits 1.3634 after extending south from 1.3698 (Asian session high)

  • 1.3634 is the lowest level since the Fed's dovish taper on Wednesday

  • See: nL1N2RT12T. Bids may emerge ahead of 1.3600 if GBP/USD extends south

  • 1.3606 was Tuesday's three-week low (which it matched on Wednesday in Asia)

  • BoE MPA at 1200 GMT, analysts split on chance of rate hike nL8N2RU74Z

  • GBP alert to Brexit risks too: UK's Frost in Paris today nL1N2RU0KF

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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