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GBP/USD Clipping Higher On Rising Brexit Expectations
Thursday, 11 October 2018 13:13 WIB | CURRENCIES |GBP/USD

The GBP/USD is getting buoyed by a step-down by the US Dollar, and the Cable is testing into 1.3225.

Positive-leaning Brexit headlines are helping to provide support for the GBP heading into Thursday, with UK Prime Minister Theresa May gearing up to try and swing a temporary trade agreement with the European Union following Brexit, at least until a firmer plan can be realized.

Eurosceptics within PM May's own government are already baying for blood, and calls are beginning to arise for the dissolution of May's government, but bullish hopefuls are focusing on the positives for the time being.

It's going to be a tense day on the economic  calendar for the Cable, with an early speech from the Bank of England's (BoE) Carney at 05:00 GMT, to be followed by the BoE's Credit Conditions survey at 08:30 GMT, another appearance from Mark Carney at 09:00 GMT, and finally a speech from MPC Voting Member Vlieghe at 10:45 GMT; after that will be the US' CPI reading at 12:30 GMT, and core inflation in September is expected to tick up from 2.2% to 2.3%.

Source : FX Street

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