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Nov 13 - 08:36 AM
GBP/USD - Continues To Trade Like A Babushka Doll Pre-Powell
First appeared on eFXplus on Nov 13 - 06:45 AM
  • Cable has traded within Tuesday's range of 1.2816-1.2873 thus far Wednesday

  • See: nL2N27T07Q. Tuesday's range was within Monday's 1.2786-1.2896 range

  • Stops may be sheltering above 1.2900/below Friday's 3-week low nL2N27S10Y

  • US inflation data at 1330GMT and subsequent Powell testimony may impact USD

  • CPI f/c +1.7% YY, core CPI f/c 2.4% YY. Powell speaks 1600GMT nL8N27T25U

  • UK inflation dips to 3-year low, adding to BoE rate cut talk nL8N27T2PS

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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