By Robert Howard — Jan 15 - 02:21 AM
• Cable dips to 1.2155 intra-day low on cooler than expected UK inflation data
• UK Dec CPI 2.5% YY vs 2.6% forecast. Services CPI 4.4% vs 4.9% forecast
• 1.2193 was Asia low (pre-UK CPI). 1.2140 was Tuesday low, pre-US PPI data
• Softer UK inflation data increases likelihood of BoE rate cut in February
• US CPI data due at 1330 GMT: 0.3% MM, 2.9% YY f/c; core f/c 0.2% MM, 3.3% YY
• GBP/USD might drop towards 1.2100 (14-month low Monday) if US CPI above
f/c
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters