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Jul 14 - 03:55 AM

GBP/USD - Lifted By Higher Than Expected UK Inflation Data

By Rob Howard  —  Jul 14 - 02:36 AM
  • Cable rises to 1.3843 on higher than expected UK CPI, +2.5% YY vs 2.2% f/c

  • See: nS8N2NS0EH. 1.3843 = intra-day high (1.3827 was pre-UK CPI data high)

  • 1.3840 approximates to Tuesday's pre-U.S. inflation data release low

  • GBP/USD slid to 1.3800 on hotter than expected U.S. CPI Tuesday nL1N2OP138

  • 1.3857 was rally high from 1.3800, before drop to threaten 1.3800 in Asia

  • GBP/EUR climbs to 14-week high of 1.1741 on above f/c UK CPI nL1N2OQ0BU

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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