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Jun 18 - 07:55 AM

GBP/USD - Holds Above Asia High After UK CPI-Spurred Boost

By Robert Howard  —  Jun 18 - 06:46 AM

• Cable holds above 1.3448 as it consolidates gains from 1.3413 (Asia low)

• 1.3448 was Asia high, just before UK inflation data was released at 0600 GMT

• CPI remained at 3.4% YY in May; GBP/USD up to 1.3475 following the print

• UK inflation data cements expectation of BoE interest rate hold on Thursday

• U.S. jobless claims due at 1230 GMT; 245k f/c. Fed hold expected at 1800 GMT

• Khamenei says any U.S. strikes on Iran will have serious consequences

GBPUSD


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

Source:
London Stock Exchange Group | Thomson Reuters

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