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Jun 18 - 04:55 AM

GBP/USD - Hugs 1.27 Before US Retail Sales Data

By Rob Howard  —  Jun 18 - 02:35 AM
  • Cable hugs 1.2700 after S&P 500, Nasdaq hit record closing highs on Monday

  • GBP is risk-sensitive. Nikkei up 1% Tuesday (after 1.8% fall on Monday)

  • 1.2715 was Asia high. 1.2661 was Monday's low (1.2658 was 4-week low Friday)

  • US May retail sales data due 1230 GMT; up 0.2% MM forecast vs 0.0% in April

  • Retail sales miss could weigh on dollar, while a beat could boost it

  • UK May inflation data due Wednesday at 0600 GMT; CPI forecast at 2.0% YY

Source:
Refinitiv IFR Research/Market Commentary

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