Derived Data That Drive Results
By Krishna K — Sep 17 - 11:15 PM
GBP/USD unchanged in Asia as traders step cautiously into a risk-laden week
Opened at 1.2377, initial rally to 1.2404 fades as dollar stays bid
Central bank rates extravaganza this week; Fed on Wednesday, BoE Thursday
BoE expected to raise rates for 15th consecutive time on sticky inflation
UK Aug CPI Wednesday key, likely to remain elevated as petrol prices rise
Slowing economy prompts bets that 25 bps Thu rate rise will be last in cycle
Support 1.2350, 1.2315-25, resistance 1.2445-50, 1.2500-05
For more click on FXBUZ
UK inflation is well above the Bank of England target: Click here
Source:
Refinitiv IFR Research/Market Commentary
