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Aug 11 - 03:55 PM

GBP/USD - Bulls Push Higher After U.S. CPI, Ahead Of Key UK Data Thursday

By Paul Spirgel  —  Aug 11 - 01:38 PM
  • Sterling ending NY by session high +0.35% at 1.3882; NorAm range 1.3887-13

  • CPI tame, USD bulls wanted more, GBP bulls get long pre-Thurs UK data dump

  • GBP/USD boosted after in-court U.S. CPI, bulls eye UK GDP Thurs nL1N2PI1CL

  • Pair eyes 10-DMA res by 1.3890, daily cloud 1.3902-92

  • Supt by 10-HMA 1.3866, 21/30-DMA by 1.3830, then 1.3788 50% of 1.3573-1.3984

  • EUR/GBP slips 0.08% to 0.8463, Wed range 0.8483-63; Thurs GDP, o/p data key for BoE policy

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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