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Aug 10 - 05:55 AM

GBP/USD - Rises To Intra-Day High Before U.S. Inflation Data

By Rob Howard  —  Aug 10 - 03:45 AM
  • Cable climbs to 1.2757 intra-day peak as dollar dips pre-US inflation data

  • US CPI forecast up 0.2% MM, 3.3% YY; core CPI forecast up 0.2% MM, 4.8% YY

  • Inflation data due at 1230 GMT, alongside US weekly jobless claims; 230k f/c

  • GBP/USD offers expected pre-1.28 (1.2782-91 = quadruple day high, Aug 4-9)

  • 1.2685 (Tuesday's risk aversion-spurred low) and 1.2620 are support levels

  • UK considers response to U.S. ban on tech investments in China nL8N39R298

Source:
Refinitiv IFR Research/Market Commentary

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