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TDUX
Aug 17 - 11:55 AM

GBP/USD - Consolidates Gains; UK Data In Pipeline

By Robert Howard  —  Aug 17 - 10:12 AM

• Cable has traded a 15 pip range since the NY open; 1.3551-1.3566

• 1.3566 is five pips shy of the London morning three-month peak

• Friday high was 1.3561, after unexpectedly negative U.S. retail sales data

• Raft of UK data due this week, starting with pay on Tuesday at 0600 GMT

• UK inflation figures due Wednesday; CPI is forecast to rise to 2.9% YY

• Iran threatens to go on the offensive in Strait if diplomacy with U.S. fails

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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