Friday, October 16, 2026

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GBP/USD breaks below 1.50 before MPC hawk talks

Cable 1.50 handle lost after 10am ET NY option cut, Jan low accompanied talk of an option barrier at 1.4950 MPC member Weale (hawk) due to speak in London at 1500GMT 1.4979 = 6wk low. 1.4972 = Jan 26 low. 1.4952 = 18mth …

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Cable 1.50 handle lost after 10am ET NY option cut, Jan low accompanied talk of an option barrier at 1.4950

  • MPC member Weale (hawk) due to speak in London at 1500GMT

  • 1.4979 = 6wk low. 1.4972 = Jan 26 low. 1.4952 = 18mth low on Jan 23

  • Bear targets include 1.4814 (2013 low), 1.47 & 1.45

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