By Paul Spirgel — Aug 14 - 01:15 PM
GBP$ firm into NorAm close, +0.02% at 1.2695; Monday range 1.2711-1.2617
Sterling eyes August low amid rising US yields, pre-UK jobs, CPI data
Pair bounced ahead of 100-DMA support by 1.2613 in early NorAm
Tuesday UK employment, wages in focus; Rtrs f/c rise in June wages
Wednesday UK CPI seen falling to 6.8% from 7.9%, still well above 2% target
Rising wages, persistent inflation to keep BoE in hike mode into YE 2023
IRPR on Eikon currently pricing BoE +50bp into YE, Fed seen steady
Supt 100-DMA 1.2613, lower 30-d Bolli 1.2586 close below puts 200-DMA 1.2357 in focus
Source:
Refinitiv IFR Research/Market Commentary