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Nov 10 - 08:55 AM

GBP/USD - Extends South To Threaten 1.35 Pre-U.S. CPI Data

By Rob Howard  —  Nov 10 - 06:35 AM
  • Cable eyes 1.3500 after falling further from 1.3562 (early London high)

  • Drop to threaten 1.3500 (Monday's Ldn am high) precedes U.S. inflation data

  • U.S. Oct CPI f/c +5.8% YY, core CPI f/c +4.3% YY. Data due at 1330 GMT

  • 1.3468, 76.4% Fibo of 1.3425-1.3608, is among support points below 1.35

  • 1.3425 was Friday's five-week low (after GBP tanked on BoE's dovish hold)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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