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Oct 19 - 04:55 AM

GBP/USD - Respects Tuesday's Low After 10.1% UK CPI Print

By Rob Howard  —  Oct 19 - 03:40 AM
  • Cable elicited support by 1.1257 after falling on 10.1% UK CPI print

  • See: nL8N31K14Q. 1.1257 was Tuesday's low (just before midday BST)

  • 1.1257 was pip shy of pullback low from high during fiscal statement Monday

  • Hunt tore up Truss's economic plan nL8N31I4H5. PMQs 1100 GMT nL1N31J0EY

  • Gilt yields up after news BoE QT to start on Nov 1 nL9N30D01InL1N31J06D

  • 1.1315 (pre-UK CPI data low) is now a resistance level. 1.1356 was Asia high

Source:
Refinitiv IFR Research/Market Commentary

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