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Mar 10 - 04:55 AM

GBP/USD - Back Below 1.39 Pre-U.S. CPI, 10-Year Bond Auction

By Rob Howard  —  Mar 10 - 02:36 AM
  • Cable hit 1.3846 at 0616GMT after extending south from 1.3925 (Tuesday high)

  • Drop precedes U.S. inflation data at 1330GMT and 10-year U.S. bond auction

  • Feb CPI f/c +1.7% YY vs +1.4% YY in Jan. Above f/c CPI might lift the USD

  • 3-year U.S. bond auction was well received Tuesday nL1N2L72NRnL1N2L713Y

  • Bids expected pre-1.3800 if GBP/USD falls further (1.3801 was Monday's low)

  • 1.3779 (last Friday's three-week low) is a support point below 1.3800

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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