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Nov 07 - 03:48 PM
GBP/USD - BOE Vote Split Surprise Pushes GBP/USD To 2-Week Low Below 1.2800
First appeared on eFXplus on Nov 07 - 01:40 PM
  • GBP/USD ends NorAm -0.33% at 1.2814; NorAm range 1.2854-1.2794

  • Sterling eyes support under 1.28 after dovish BoE split nL2N27N0O4

  • Pair soft after MPC hold as 2 member vote to cut nL8N27N6EX

  • Saunders, Haskel wary of weak global growth & Brexit uncertainties

  • GBP/USD risks skewed to downside post-MPC, support at 1.2790 Oct 24 low

  • Then 200-DMA 1.2701 and 50% Fib of October rise, 1.2196-1.3012 at 1.2604

  • EUR/GBP ends session flat at 0.8616, moves USD based as UST yield gains outpace other DMs

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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