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Aug 13 - 08:36 AM
GBP/USD - Scales Intra-Day Peak Ahead Of U.S. Inflation Data
First appeared on eFXplus on Aug 13 - 07:20 AM
  • GBP/USD hits 1.2088 (intra-day high) after extending north from 1.2042
  • 1.2042 was early Europe low, before UK ex-bonus earnings/jobs data beat
  • See: nL8N25924Y. Cable might extend north towards 1.2106 if US CPI sub-f/c
  • US July CPI f/c +1.7% YY, core CPI f/c +2.1% YY. Data due at 1230GMT
  • 1.2106 was Monday's high (after drop to 31-month low of 1.2015)
  • Scottish court to hear no-deal Brexit suspension case on Sept 6 nL8N25922Q

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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