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Nov 08 - 04:55 AM

GBP/USD - Eyes Tuesday Low Before BoE Governor Bailey Speaks

By Rob Howard  —  Nov 08 - 03:05 AM
  • Cable eyes 1.2264 before slated speech from BoE Governor Bailey at 0930 GMT

  • 1.2264 was Tuesday's low, after dovish shift in BoE expectations on Pill

  • Bailey due to speak about 'achieving good outcomes in an uncertain world'

  • Support points below 1.2264 include 1.2242 (pre-NFP high Friday) and 1.2222

  • 1.2300 (Asia high) is a resistance level. 1.2428 was seven-week peak Monday

  • Fed chair Powell is due to speak at 1415 GMT. UK Sept/Q3 GDP data due Friday

Source:
Refinitiv IFR Research/Market Commentary

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