eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
Aug 17 - 04:55 AM

GBP/USD - Consolidates Gains To Three-Month High

By Robert Howard  —  Aug 17 - 02:47 AM

• 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)

Source:
London Stock Exchange Group | Thomson Reuters
By continuing to browse our site, you agree to our use of cookies, Privacy Notice, and Terms of Service.
© 2026 eFXdata · All Rights Reserved