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TDUX
Nov 13 - 07:55 AM
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GBP/USD - Dips To One-Month Low Before US PPI Data

By Robert Howard  —  Nov 13 - 06:18 AM

• Cable has traded a 22 pip range since the London open; 1.3220-1.3242

• 1.3220 is lowest level since Oct 15 (1.3223 was Thursday low)

• US Oct PPI data due at 1330 GMT: up 0.4% MM forecast; core f/c 0.3%

• Hot PPI would be boost for Fed hawks, and could further inflate dollar

• GBP/USD bear targets include 1.3200 and 1.3137 (October's 11-month low)

• Fed's Warsh to speak at public AI forum in San Francisco on Monday

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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