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Jan 12 - 03:55 AM

GBP/USD - Remains Above 1.21 Pre-U.S. Inflation Data

By Rob Howard  —  Jan 12 - 03:05 AM
  • Cable holds above 1.2100 ahead of U.S. December inflation data at 1330 GMT

  • 1.2100 was last Friday's high (after USD tanked on sub-50 U.S. service PMI)

  • Bids pre-1.2100 supported GBP/USD on Tuesday and Wednesday nL1N33W0WW

  • GBP/USD could jump towards 1.2209 if U.S. CPI softer than expected; 6.5% YY

  • 1.2209 was Monday's three-week high (1.2215 is 61.8% Fibo of 1.2446-1.1842)

  • UK trade union says 100,000 public sector workers to strike on Feb 1

Source:
Refinitiv IFR Research/Market Commentary

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