eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• Cable has traded a 24.5 pip range thus far Monday; 1.3558 = intra-day high
• 1.3558 is three pips shy of Friday's three-month peak
• That peak was scaled after USD fell on unexpectedly negative U.S. retail sales data
• Balance of risk currently tilts towards Fed rate hold in September
• UK jobs, inflation data due this week; CPI is forecast to rise, to 2.9% (Reuters poll)
• Jamie Dimon warns UK finance minister Healey against
higher bank taxes - FT
GBPUSD

(Robert Howard is a Reuters market analyst. The views expressed
are his own)