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Oct 19 - 03:55 AM

GBP/USD - Plumbs Intra-Day Low After UK CPI Touch Above F/C

By Rob Howard  —  Oct 19 - 02:40 AM
  • Cable falls to 1.1285 after UK CPI comes in slightly above f/c, 10.1% YY

  • See: nL8N31K14Q. 1.1285 = intra-day low. 1.1315 was pre-UK CPI data low

  • 1.1356 was Asian session top (highest level since Tuesday's 1.1257 low)

  • BoE QT to start on Nov 1 (day after UK government's next fiscal statement)

  • See: nL1N31J06D. Next BoE rate decision Nov 3: hike of at least 75 bps f/c

  • Truss faces PMQs at 1100 GMT nL1N31J0EYnL1N31J0IVnL1N31J1DA

Source:
Refinitiv IFR Research/Market Commentary

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