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Feb 13 - 08:55 AM

GBP/USD - Reclaims 1.21 Handle As Event Risk Clocks Tick

By Rob Howard  —  Feb 13 - 07:50 AM
  • Cable hits 1.2108 after rallying off 1.2031 (lowest level since Feb 7)

  • Ascent aided by rise in risk appetite: Nasdaq futures edge higher

  • See: nL4N34T2KK. Pound is risk-sensitive; dollar is safe-haven

  • Offers may emerge near 1.2135/37 (10DMA/Friday high) if ascent extends

  • UK earnings/jobs data due Tuesday at 0700 GMT (UK CPI data 24 hours later)

  • U.S. Jan CPI data due Tuesday at 1330 GMT; 6.2% YY f/c vs 6.5% in Dec

Source:
Refinitiv IFR Research/Market Commentary

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