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Dec 12 - 08:55 AM

GBP/USD - Drops To Intra-Day Low After 1.28 Fail

By Rob Howard  —  Dec 12 - 06:35 AM
  • Cable falls to 1.2737 after offers pre-1.28 capped early London gains

  • 1.2737 = intra-day low; 3.5 pips shy of Wednesday's NY afternoon low

  • Wednesday's low was 1.2716, before as expected US CPI data for Nov

  • US Nov PPI, weekly jobless claims data due 1330 GMT: 2.6% YY; 220k f/c

  • UK Oct GDP data due Friday at 0700 GMT; 0.1% growth forecast nL1N3NA0KD

  • Fed cut/BoE hold expected next week. Will BoE cut rates by 100 bps in 2025?

Source:
London Stock Exchange Group | Thomson Reuters

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