By Robert Howard — Jan 14 - 05:37 AM
• Cable falls to 1.2175 after failing to vault 1.2250 (Asian session peak)
• 1.2175 is intra-day low, and 50% retracement of 1.2100-1.2250
• US PPI data due at 1330 GMT: 0.3% MM, 3.4% YY f/c; core f/c 0.3% MM, 3.8% YY
• Hotter than expected PPI prints could depress GBP/USD towards 1.2100
• 1.2100 was Monday's 14-month low, after USD rose on strong US jobs data
• CFTC data showed net GBP long position persisted in week ended Jan 7
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters