GBP/USD pares losses above 1.0600 at all-time low, braces for BOE meddling – by anilpanchal7 GBPUSD BOE Ukraine Fed RiskAppetite
UK Opposition Labour Finance Spokesperson Rachel Reeves teased unscheduled BOE rate hike.Risk catalysts are important but BOE’s intervention could offer the much-needed bounce to the Cable.consolidates the daily loss around the record low, picking up bids to 1.0660 heading into London open on Monday, amid talks of the Bank of England’s rate hike.
The Cable pair slumped to the all-time bottom earlier in the day amid fears that the UK’s fiscal package won’t be able to cure the British economic problems. On top of that, the Labour Party leader criticised the tax cut efforts and amplified the pair of the GBP/USD buyers.
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