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