By Rob Howard — Jan 10 - 02:50 AM
Cable hits 1.2142 after extending south from 1.2209 (Monday's 3-week high)
Drop to 1.2142 precedes slated comments from Fed chair Powell at 1400 GMT
Powell to speak at Riksbank-hosted event - as is BoE's Bailey, at 0930 GMT
Ascent to 1.2209 was fuelled by Friday's sub-50 U.S. service PMI surprise
Fed duo say U.S. CPI data to help resolve 25 vs 50 bps Feb 1 hike question
U.S. CPI data due Thursday; 6.5% YY f/c. UK inflation data due next week
Source:
Refinitiv IFR Research/Market Commentary