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Jan 14 - 03:48 PM
GBP/USD - Bears Eke Out New 2020 Low Before Shorts Cover Ahead Of CPI Wednesday
First appeared on eFXplus on Jan 14 - 01:25 PM
  • GBP/USD firm into close +0.28% at 1.3023; NorAm range 1.3025-1.2955

  • Pair peaks abv daily cloud top on short-covering ahead of UK CPI Wed EM

  • Sterling, mired by 3-wk lows, needs to beat 1.3000 for starters nL1N29J0JW

  • Spate of weak UK data, dovish BoE musings weigh, odds for Jan 30 cut rising

  • EUR/GBP -0.31% at 0.8545, Tues range 0.8595-42; rally fails abv Dec high 0.8591

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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