By Rob Howard — Feb 15 - 02:35 AM
Cable falls to 1.2086 following softer than expected UK January CPI data
Up 10.1% YY vs 10.3% f/c. 1.2086 = two-day low (1.2031 was Monday's low)
1.2135 was pre-UK CPI low. 1.2120 (Tuesday's low) is now a resistance level
Sub-f/c UK CPI print is boost for MPC's dovish pair Tenreyro and Dhingra
BoE is still expected to deliver its 11th consecutive rate hike next month
1.2269 was GBP/USD high on Tuesday, as volatility ruled after U.S. CPI data
Source:
Refinitiv IFR Research/Market Commentary