By Paul Spirgel — Feb 14 - 01:40 PM
GBP$ ending NorAm +0.36% at 1.2180, Tuesday range 1.2269-1.2120
Pair soared momentarily after CPI surprised higher, holds slight gain
Market braces for UK CPI Wednesday for hints at BoE policy path
Sterling dips after CPI rise lifts US rates, UK CPI moves into focus
Wed UK Core CPI m/m f/c -0.5% vs +0.5% pvs; CPI 10.3% vs 10.5% pvs
Supt at 10-DMA 1.2129, Tues low 1.2120, daily cloud top 1.2085
Res 1.2195 hrly Tenkan line, 1.2269 Tues high, 1.2401 Feb 2 high
Source:
Refinitiv IFR Research/Market Commentary