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Jun 30 - 11:55 AM

GBP/USD - Drops Back To Eye One-Week Low As Month-End Looms

By Rob Howard  —  Jun 30 - 09:46 AM
  • Cable drops back to threaten 1.3815 as USD strengthens before month-end

  • 1.3815 was Ldn am low (pip shy of Tuesday's one-week low) nL2N2OC0MU

  • Subsequent climb topped out near Tuesday's high (pre-U.S. ADP jobs data)

  • See: nL2N2OC0SI. June ADP 92k above f/c; May revised down 92k nAQN04D0Y6

  • Haldane expects UK CPI to be nearer 4% than 3% by year-end (BoE website)

  • UK CPI hit 2.1% in May. Haldane leaves BoE today nL5N2O73LEnL2N2OB0OB

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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