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Dec 20 - 03:55 AM

GBP/USD - Hugs 1.2500 Expiry After Drop On BoE's Dovish Hold

By Rob Howard  —  Dec 20 - 02:30 AM
  • Huge 1.2500 option expiry anchors cable after dovish BoE hold-spurred fall

  • 1.2475 was four-week low in Asia (1.2475 was Nov 22 low too; low since May)

  • GBP/USD was on 1.26 handle into Thursday's 6-3 BoE MPC rate vote surprise

  • UK Nov retail sales up 0.2% MM vs 0.5% f/c; UK borrows GBP 11.25 bln in Nov

  • Trump-backed spending deal fails in House, shutdown approaches nL1N3NK0VK

  • PM Starmer to name Mandelson as Britain's new ambassador to US, report says

Source:
London Stock Exchange Group | Thomson Reuters

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