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May 13 - 07:24 AM

GBP/USD - Rises To Intra-Day High Pre-U.S. CPI, Fed Speakers

By Rob Howard  —  May 12 - 07:50 AM
  • Cable ascends to 1.2370 ahead of U.S. April CPI data at 1230GMT, -0.8% f/c

  • 1.2305-1.2366 was Ldn am range. 1.2288-1.2342 was Asia range nL1N2CU0AM

  • Offers may emerge near 1.24 (Monday's Asia low) if GBP/USD extends north

  • A raft of Fed officials speak today, before Powell on Wednesday nL1N2CT0AV

  • Britain sells GBP 12 bln gilts in new syndication drive nL8N2CU45O

  • UK extends COVID job retention scheme by 4 months to end-Oct nL9N2BW02D

GBPUSD IMAGE Click here

Source:
Refinitiv IFR Research/Market Commentary

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