đč GBP/USD tests key resistance as BoE hike bets firm
Hotter UK inflation is lifting sterling, but budget risk and gilt stress could cap gains.
GBP/USD trades near 1.3365 after UK CPI rose 3.5%, above forecasts, reinforcing expectations for a BoE hike to 4.00% on Nov. 5. đ
Traders are watching 1.3394-1.3408. A break above could open 1.3500, while failure keeps focus on 1.3309 support. â ïž
The next catalyst is the UK budget: credible fiscal signals could support GBP, while renewed gilt stress may limit upside. #GBPUSD #BOE #GBP #UKINFLATION #FOREX
$IRYS
Hotter UK inflation is lifting sterling, but budget risk and gilt stress could cap gains.
GBP/USD trades near 1.3365 after UK CPI rose 3.5%, above forecasts, reinforcing expectations for a BoE hike to 4.00% on Nov. 5. đ
Traders are watching 1.3394-1.3408. A break above could open 1.3500, while failure keeps focus on 1.3309 support. â ïž
The next catalyst is the UK budget: credible fiscal signals could support GBP, while renewed gilt stress may limit upside. #GBPUSD #BOE #GBP #UKINFLATION #FOREX
$IRYS