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TDUX
Jul 17 - 01:55 PM

GBP/USD - On A 1.34 Handle As Burnham Becomes Labour Leader

By Robert Howard  —  Jul 17 - 09:45 AM

• Cable remains on a 1.34 handle after Burnham becomes Labour leader

• Burnham will replace Starmer as Britain's prime minister on Monday

• GBP/USD range since the London open is 1.3427-1.3481 (high before low)

• 1.3427 is also the low since Wednesday's nine-week high of 1.3556

• CFTC data at 1930 GMT to show if net GBP short fell further from June's 9-year high

• UK June inflation data due next week; CPI forecast at 2.7% YY (Reuters poll)

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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