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Jun 16 - 04:55 AM

GBP/USD - Respects 1.41 Resistance After UK CPI Above F/c

By Rob Howard  —  Jun 16 - 02:38 AM
  • Cable met fresh headwind around 1.4100 after rising on above f/c UK May CPI

  • Up 2.1% YY vs 1.8% f/c nL5N2NY0YW. 1.4100 is a former support point

  • Offers by 1.41 capped Tuesday's recovery rally from 1.4035 (one-month low)

  • 1.4128 was Tuesday's high, after strong UK jobs data (before drop to 1.4035)

  • Fed expected to signal start of monetary policy shift debate nL2N2NX1EJ

  • UK tells EU on Northern Ireland: be responsible, be reasonable nS8N2NS0BH

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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