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Jan 20 - 04:55 AM

GBP/USD - Nudges Up To Intra-Week High After UK CPI Above F/c

By Rob Howard  —  Jan 20 - 02:46 AM
  • Cable ticks up to 1.3671 after UK Dec CPI rises a little more than expected

  • Up 0.6% YY vs +0.5% f/c nL8N2JU4UL. 1.3671 = highest level since Friday

  • Above f/c CPI is fresh blow for doves advocating sub-zero BoE interest rates

  • BoE's Haldane sees UK economy recovering "at a rate of knots" nL8N2JU5MQ

  • 1.37 is a key resistance level for GBP/USD, with offers expected nearby

  • 1.3712 = recent 32-month high. 1.3637 (Tuesday's top) is now a support point

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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