By Robert Howard — Feb 13 - 02:17 AM
• Cable rises to 1.2515 as GBP benefits from better than forecast UK GDP data
• Dec GDP up 0.4% vs 0.1% expected; Q4 GDP up 0.1% vs minus 0.1% expected
• 1.2515 is highest level since Feb 5 (1.2550 was one-month high that day)
• Asian session top was 1.5 pips shy of 1.2500 (before UK GDP data release)
• Rise towards 1.25 fuelled by Ukraine peace talks. 1.2377 = low on hot US CPI
• BoE's Pill 'cautious' about further rate cuts. Echoes view from MPC's
Greene
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters