By Rob Howard — Jul 11 - 02:20 AM
Cable scales fractionally fresh four-month peak of 1.2866 on UK GDP beat
UK GDP up 0.4% in May vs 0.2% forecast. 1.2864 was Asian session high
1.2812 was high before relatively hawkish guidance from BoE's Pill Wednesday
US CPI data due at 1230 GMT; 0.1% MM, 3.1% YY f/c. Core f/c 0.2% MM, 3.4% YY
Softer US CPI prints could lift GBP/USD further towards 1.29, if not 1.30
1.2893 was eight-month high in March. 1.2848 is now a support point
Source:
Refinitiv IFR Research/Market Commentary