April 16, 2024 06:29 GMT
GBPUSD possible reversal if STIR markets see more rate cut expectations
UK DATA
- Looking a bit more at the market reaction - GBPUSD is down just under 20 pips since its pre-data levels while EURGBP is little changed.
- There could be more pushback on GBP FX weakness after STIR markets open at 7:30BST if SONIA markets push rate expectations back further here.
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