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Mar 14 - 07:55 AM

GBP/USD - Rises Towards Tuesday High Before US Data

By Rob Howard  —  Mar 14 - 05:55 AM
  • Cable rises to 1.2819 ahead of a raft of US economic data at 1230 GMT

  • 1.2819 is two-day top (1.2823 was Tuesday's high, before drop to 1.2747)

  • US Feb retail sales forecast up 0.8% MM, to follow 0.8% decline in Jan

  • Feb PPI forecast up 1.1% YY, core f/c 1.9% YY. Jobless claims f/c at 218k

  • Softer than expected US data might inflate GBP/USD towards 1.2893

  • 1.2893 was last Friday's 32-week high, after dollar fell on US jobs data

Source:
Refinitiv IFR Research/Market Commentary

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