{"id":63278,"date":"2022-04-05T17:39:09","date_gmt":"2022-04-05T13:39:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=63278"},"modified":"2022-04-05T17:39:11","modified_gmt":"2022-04-05T13:39:11","slug":"gbp-usd-to-slump-towards-1-30-on-repricing-of-boe-hikes","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-usd-to-slump-towards-1-30-on-repricing-of-boe-hikes\/04\/05\/market-updates\/","title":{"rendered":"GBP\/USD to slump towards 1.30 on repricing of BoE hikes"},"content":{"rendered":"\n<p>The GBP is recording a slight gain on the day, bouncing off the low-1.31s. Bank of England (BoE) rates pricing are still too optimistic, which should drag cable down to the 1.30 level.<br><br>Broader trends since last summer suggest weakness ahead. Markets could do with a decent amount of repricing of BoE hikes, as they still foresee the bank rate reaching 2% this year, which should weigh on the GBP towards a test of 1.30 soon.<br><br>Broader trends since last summer would suggest weakness ahead in the GBP but near-term price action remains restrained, providing little sense of direction. Support is 1.3090\/00 followed by ~1.3080 and 1.3050\/60.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBP is recording a slight gain on the day, bouncing off the low-1.31s. Bank of England (BoE) rates pricing are still too optimistic, which should drag cable down to the 1.30 level.Broader trends since last summer suggest weakness ahead. Markets could do with a decent amount of repricing of BoE hikes, as they still &hellip;<\/p>\n","protected":false},"author":13,"featured_media":54454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6967,7034,8143],"class_list":["post-63278","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boe","tag-gbp-usd","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=63278"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63278\/revisions"}],"predecessor-version":[{"id":63282,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63278\/revisions\/63282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54454"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=63278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=63278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=63278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}