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Jan 16 - 11:55 AM

GBP/USD - Hugs 1.22 After Retreat From One-Month Peak

By Rob Howard  —  Jan 16 - 09:40 AM
  • Cable has traded 52 pip range since 0830 GMT; 1.2172-1.2224 nL1N3410ME

  • 1.2172 was intra-day low following one-month high of 1.2288 in Asia

  • UK jobs/earnings data due Tuesday at 0700 GMT; ILO jobless rate f/c 3.7%

  • UK December inflation data due Wednesday; 10.6% YY f/c nL1N3410W2

  • IMM speculators raise net GBP short position to six-week high nL1N3410PC

  • Britain, EU says N.Ireland talks should continue in 'constructive' spirit

Source:
Refinitiv IFR Research/Market Commentary

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