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Sep 24 - 04:55 AM

GBP/USD - Holds Above 1.3700 After Hawkish BoE-Spurred Gains

By Rob Howard  —  Sep 24 - 02:48 AM
  • 1.3714 marks the cable low since Thursday's BoE-fuelled rise to 1.3750

  • BoE sees growing case for rate rise nL8N2QP2YG. 1.3685 was pre-BoE high

  • 15 bps rate rise to 0.25% is now fully priced for Feb 2022 (vs 63% pre-BoE)

  • Cumulative 40 bps BoE hike to 0.5% by June 2022 is 95% priced BOEWATCH

  • 1.3610 was Wednesday's one-month low after USD rose on Evergrande concerns

  • Evergrande fears grow after interest payment deadline missed nL1N2QQ02J

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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