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Mar 31 - 04:55 AM

GBP/USD - Digests UK Data After Scaling 9-Week Peak In Asia

By Rob Howard  —  Mar 31 - 02:50 AM
  • Cable hugs 1.2384 (Asian session low) after raft of UK data releases

  • UK Q4 GDP revised up to 0.1%; C/A deficit GBP 2.5 bln vs GBP 17.6 bln f/c

  • UK house prices down 3.1% YY in March vs minus 2.2% f/c - Nationwide

  • 1.2423 was nine-week GBP/USD high in Asia, after GBP/JPY jumped nL1N36308V

  • Thursday's high was 1.2393, following EUR/USD gains on German inflation data

  • U.S. Feb core PCE price index due at 1230 GMT; 4.7% YY f/c, as per Jan

Source:
Refinitiv IFR Research/Market Commentary

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