Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 14 - 07:55 AM

GBP/USD - Awaits Powell Testimony After UK CPI-Spurred Gains

By Rob Howard  —  Jul 14 - 05:50 AM
  • 1.3836 is low water-mark for cable since its UK data-spurred rise to 1.3862

  • UK June CPI +2.5% YY vs +2.2% f/c nL8N2OQ19R. 1.3802-1.3827 was Asia range

  • 1.3862 was five pips beyond Tuesday's recovery rally high from 1.3800

  • Tuesday's drop to 1.3800 was fuelled by hot U.S. inflation data nL1N2OP138

  • Powell's monetary policy testimony from 1600GMT will impact USD nL1N2OP1OZ

  • GBP/USD could drop through 1.3800 if Powell is less dovish than expected

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!