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Jan 17 - 01:55 PM

GBP/USD - Hits New 2023 High After UK Wage Data, CPI Wednesday In Focus

By Paul Spirgel  —  Jan 17 - 01:20 PM
  • GBP$ holds gain into NY cls, +0.56% at 1.2262; Tues range 1.2300-1.2171

  • UK wage, employment gains boost hawkish BoE inflation-fight expectations

  • Wednesday UK CPI anticipated for hints at BoE policy; IRPR sees +50bp Feb 2

  • Sterling soars as wage data hints at more aggressive BoE nL1N3421B4

  • USD, UST yields dive after weak NY Fed Mfg data, not generally a mkt mover

  • GBP$ res 1.23 Tues high, 1.2371 upper 30-d Bolli, 1.2446 Dec 14 trend high

  • Supt 1.2171 Tuesday low, 1.2144 10-DMA, 1.2069 daily cloud top

  • EURGBP -0.87% to 0.8792, Tues range 0.8885-0.8792; EUR soft amid dovish ECB talk

Source:
Refinitiv IFR Research/Market Commentary

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