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Feb 29 - 03:55 AM

GBP/USD - Maintains 1.26 Handle Before US Core PCE Data

By Rob Howard  —  Feb 29 - 02:50 AM
  • GBP/USD awaits U.S. Jan core PCE data at 1330 GMT; up 0.4% MM, 2.8% YY f/c

  • Hotter than expected prints could lift dollar, depress cable towards 1.2600

  • 1.2622 was Tuesday's intra-week low. 1.2673 = subsequent high water-mark

  • BoE MPC hawk Mann says rich consumers are making it harder to curb inflation

  • UK budget next week. US Congress leaders reach deal on FY24 spending bills

  • Supreme Court to decide Trump criminal immunity claim in 2020 election case

Source:
Refinitiv IFR Research/Market Commentary

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