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TDUX
Aug 19 - 04:55 AM

GBP/USD - Hugs 1.3550 After UK CPI Matches Forecast

By Robert Howard  —  Aug 19 - 02:56 AM

• Cable hugs 1.3550 option expiry after UK July CPI matches 2.9% forecast

• Match underpins expectation for another BoE interest rate hold in September

• Nearly 90% of economists polled by Reuters expect further BoE holds in Q4

• 1.3571 was three-month high for GBP/USD Monday; 1.35195 = subsequent low

• Minutes from July's Fed meeting will be published at 1800 GMT

• UK PM Burnham says Healey to outline economic strategy in September speech

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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