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Sep 13 - 07:55 AM

GBP/USD - Holds Above 1.17 Pre-U.S. CPI After UK Data Boost

By Rob Howard  —  Sep 13 - 06:20 AM
  • GBP/USD holds above 1.1700 after scaling two-week peak of 1.1732 on UK data

  • UK jobless rate 3.6% vs 3.8% forecast, lowest since 1974 nL8N30K0W4

  • 1.1700 is former resistance level. U.S. CPI data due 1230 GMT; 8.1% YY f/c

  • See: nL1N30J0DK. UK CPI data due Wednesday; 10.2% YY f/c nL1N30K0JQ

  • Ukraine pushes to retake all land from Russia nL8N30J4YLnL8N30K27Y

  • GBP/USD tumbled from 1.35 after Russia invaded Ukraine on Feb 24

Source:
Refinitiv IFR Research/Market Commentary

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