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Aug 17 - 11:55 AM

GBP/USD - Within Strike Of 1.2050 Ahead Of FOMC Minutes

By Rob Howard  —  Aug 17 - 09:55 AM
  • Cable elicited support by 1.2050 after extending south from 1.2143

  • Slide extension followed U.S. July retail sales data nL1N2ZT0WW

  • There is a 1.2050 option expiry for the 10am ET NY cut nL1N2ZT0XI

  • 1.2143 was knee-jerk high after hot UK July inflation data nL8N2ZT1CC

  • FOMC minutes at 1800 GMT may point to rationale for size of futures hikes

  • See: nL1N2ZT0WB. Truss determined to deliver NI protocol bill nL8N2ZT3M8

Source:
Refinitiv IFR Research/Market Commentary

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