GBP

Nomura expect a +25bps rate hike from Bank of England today, but +50 remains on the table

US dollar gives back some of its gains

• The euro and pound lead the rebound

UK inflation expectations fall in latest poll

• short and long-term inflation expectations down in YouGov poll

GBPUSD trades to new session lows.Holds upside resistance at highs keeping selling control

• GBPUSD breaking lower in early US trading

GBPUSD Technical Analysis - Key support zone for the Bulls

• The GBPUSD is at a key trendline.

Deutsche Bank expect +25bps rate hike from the Bank of England this week - 'close call'

EURGBP runs higher today. Back above the 200 hour MA and swing area

• EURGBP buyers takes back some control

GBPUSD falls to new session low and tests Friday's low in the process

• GBPUSD has a swing area between 1.2738 and 1.2759

UK July final manufacturing PMI 45.3 vs 45.0 prelim

• Latest data released by S&P Global - 1 August 2023

UK July Nationwide house prices -0.2% vs -0.2% m/m expected

• Latest data released by UK Nationwide Building Society - 1 August 2023

UK inflation data - July BRC Shop Price Index +7.6% y/y (prior +8.4%)

HSBC: Here is why risk-reward around this week's BOE may not be encouraging for GBP bulls

• HSBC cautions GBP bulls about the uncertain risk-reward ratio surrounding the upcoming Bank of England meeting, predicting potential short-term gains if the rate hike is significant, but emphasizing the fleeting nature of the benefits and the likelihood of a drop if a smaller rate hike is implemented.

GBPUSD trading in a narrow trading range but sellers remain in control

• The GBPUSD moved up to test the 100/200 hour MAs, but found willing sellers. Bearish

UK June mortgage approvals 54.66k vs 49.00k expected

• Latest data released by the BOE - 31 July 2023

Newsquawk Week Ahead: Highlights include US jobs report, BoE, RBA and PMI data

• Next week highlights include the US jobs report and global PMI data, as well as central bank rate decisions from the BoE and RBA.