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Mar 14 - 04:55 AM

GBP/USD - Hugs 1.28 Before Raft Of US Data

By Rob Howard  —  Mar 14 - 03:35 AM
  • Cable has traded a 16 pip range thus far Thursday; 1.2788-1.2804

  • Those parameters are within Wednesday's 1.2775-1.2811 range nL2N3FR214

  • 1.2812 was Tuesday's Asia low, before GBP fell on sub-forecast UK pay growth

  • Tuesday's low was 1.2747, 50% retracement of recent rise from 1.2600-1.2893

  • 1.2893 was 32-week high last Friday after the dollar fell on US jobs data

  • US retail sales/PPI/jobless claims data due 1230 GMT. Retail sales f/c 0.8%

Source:
Refinitiv IFR Research/Market Commentary

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