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Nov 09 - 05:55 AM

GBP/USD - Vaults 1.23 On Hawkish Comments From BoE's Pill

By Rob Howard  —  Nov 09 - 04:40 AM
  • GBP/USD rises to 1.2307 (two-day high) on hawkish comments from BoE's Pill

  • Pill: BoE monetary policy must stay tight to lower inflation nS8N3BF08F

  • Pill negatively impacted GBP earlier this week, re: 2024 rate cut guidance

  • On Wednesday, BoE chief Bailey said 'really too early' to discuss rate cuts

  • 1.2311 (NY high Tuesday) and 1.2338 (Monday low) are cable resistance levels

  • UK Sept/Q3 GDP data due Friday. UK Oct CPI data due next week; 4.8% YY f/c

Refinitiv IFR Research/Market Commentary


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