By Rob Howard — Oct 17 - 04:55 AM
Cable falls to 1.2150 as pound continues to suffer on sub-f/c UK pay growth
Up 8.1% YY vs 8.3% forecast. Ex-bonus pay growth up 7.8%, as expected
1.2150 = intra-day low. 1.2195 was Asian session base (pre-UK pay data)
MPC's most dovish member, Dhingra, is due to speak at 0905 GMT nL4N3BM383
UK Sept inflation data due Wednesday at 0600 GMT; CPI forecast at 6.6% YY
1.2123 (last Friday's one-week low) and 1.2100 are GBP/USD support levels
Source:
Refinitiv IFR Research/Market Commentary