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TDUX
Oct 20 - 11:55 PM
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GBP/USD - Steadies After Strong Rally; UK Inflation Data Due

By Krishna Kumar  —  Oct 20 - 10:05 PM

• GBP/USD unchanged in Asia after closing 0.55% higher Tuesday

• Consolidates following rally to a 1-mth high on strong UK labour market data

• UK jobs figures latest in string of better-than-forecast economic data

• UK employer pay awards edge up to 3.1%, Brightmine says

• Money markets almost fully price 25 bps BoE hike on November 5

• Sep inflation data Wed may cement Nov hike; CPI seen up 3.4% vs Aug 3.1%

• BoE policymaker Greene says inflation risks are bigger than thought

• Resistance 1.3405-10, 1.3435-40 ; support 1.3340-50, 1.3300-10

• Range Tuesday 1.3306-1.3409, Asia 1.3371-1.33785
GBP:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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