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May 21 - 08:36 AM

GBP/USD - Respects Asia High Before BoE MPC Members Speak

By Rob Howard  —  May 20 - 08:30 AM
  • Offers near 1.2277 have kept a lid on cable since it climbed off 1.2222

  • 1.2277 was Asian session high. 1.2222 was Ldn am low, after sub-f/c UK CPI

  • See: nL8N2D217T. The Ldn am low approximated to Tuesday's early NY low

  • More offers expected pre-1.23: 1.2296 was Tuesday's top (high since May 13)

  • Britain borrows at negative interest rate for first time nL8N2D22U9

  • Four BoE MPC members to address UK TSC from 1330GMT-1530GMT nL1N2D20FX

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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