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Jul 13 - 06:55 AM

GBP/USD - Falls To Intra-Day Low Ahead Of U.S. Inflation Data

By Rob Howard  —  Jul 13 - 05:16 AM
  • Cable hits 1.3852 (intra-day low) after sliding from 1.3905 (Asia high)

  • Decline precedes U.S. June inflation data at 1230GMT

  • Headline CPI f/c +4.9% YY vs 5.0% in May, core CPI f/c +4.0% YY

  • USD might get a knee-jerk boost if U.S. CPI comes in higher than expected

  • 1.3839 (Monday's low), 1.3823 and 1.3800 are GBP/USD support levels

  • Asian session high was also Monday's rally high from 1.3839 nL1N2OP0DJ

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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