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Mar 12 - 08:55 AM

GBP/USD - On 1.29 Handle Ahead Of US CPI Data

By Robert Howard  —  Mar 12 - 06:42 AM

• Cable has traded a 31.5 pip range since London open; 1.2914 = session low

• U.S. CPI data due 1230 GMT; 0.3% MM, 2.9% YY f/c. Core f/c 0.3% MM, 3.2% YY

• Cooler CPI might spur dovish shift in Fed expectations, weigh on dollar

• GBP/USD resistance levels include 1.2965 (four-month high Tuesday) and 1.30

• Russia says its waiting to hear from U.S. on Ukraine 30-day ceasefire plan

• U.S. Senate Democrats debate path forward on government funding bill

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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