Intraday Market Thoughts
GBP Does it again عملها مرة أخرى
by
Sep 20, 2023 13:19
GBP knocked off by another downside surprise in UK CPI (issued earlier this morning), 24 hrs before the Bank of England rate decision. The chart below highlights the plunge in odds of a 25-bp hike for tomorrow's meeting. The bottom chart shows GBPUSD, but the real action was in EURGBP. The WhatsApp snapshots further below, highlight Tuesday's reminder to our Broadcast Group to remain long EURGBP ahead of the BoE meeting. Watch that EURGBP wegde.
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