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May 20 - 04:55 AM

GBP/USD - Awaits Talk From BoE Hawk Before UK Inflation Data

By Robert Howard  —  May 20 - 02:43 AM

• Cable has traded a 35 pip range thus far Tuesday; 1.3347-1.3382

• 1.3347 is pip above pullback low from Monday's May high of 1.3403

• Friday's low was 1.3251 -- before USD fell on Moody's U.S. ratings cut

• BoE Chief Economist Pill (hawk) due to speak at Barclays in Ldn at 0800 GMT

• UK inflation data due Wednesday at 0600 GMT; CPI forecast to jump to 3.3% YY

• House Republicans scheduled to vote on Trump tax legislation later this week

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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