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TDUX
Oct 15 - 03:55 PM
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GBP/USD - Flirts With Wednesday's Pre-CPI Peak As UK Inflation Data Looms

By Refinitiv  —  Oct 15 - 01:56 PM

• GBP$ firm in NY afternoon trade, +0.56% at 1.3271; NorAm range 1.3276-1,3232

• UST yields move lower still after stark reversal post CPI Wednesday; UST 7-30yr -10bp

• US tech/AI concerns stir broad risk off rally; equities mixed, Nasdaq -0.6%, Dow +0.9%

• Today's UK GDP, output data post upside surprise, trade deficit dips adds to bullish tenor

• UK CPI/RPI on Oct 21 and Autumn Budget Oct 28 move into focus

• GBP$ res 1.3275 Wed/Thurs high, 1.3333 falling 30-DMA, 1.3406 Sept 17 high

• Supt 1.3232 NorAm low Thursday, 1.3300 psychological lvl, 1.3137 Oct 14 flash low

GBP$ Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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