By Rob Howard — Apr 13 - 02:35 AM
Cable dipped to 1.2478 after UK Feb GDP came in flat vs 0.1% forecast
1.2492 = subsequent high, courtesy of 0.1% upward revision to UK Jan GDP
Offers pre-1.25 capped GBP/USD at one-week high on Wednesday (and in Asia)
Wednesday's rise to threaten 1.25 was spurred by sub-forecast U.S. CPI data
1.2525 (last week's 10-month high) is a resistance level beyond the figure
BoE's Pill due to speak about UK economy and monetary policy at 1300 GMT
Source:
Refinitiv IFR Research/Market Commentary