By Rob Howard — Jan 13 - 02:55 AM
Cable rises to 1.2210 following unexpectedly positive UK November GDP print
Up 0.1% vs -0.2% f/c. 1.2210 is high since 1.2177 Asia low (pre-UK GDP data)
1.2177 is low water-mark since Thursday's four-week peak of 1.2247
Thursday peak scaled after dovish shift in Fed expectations on U.S. CPI data
See: nL1N33X16MnL1N33X1UYnL1N33X2ZX. 1.2089 was Thursday's low
UK Dec inflation data due next week (Jan 18). UK CPI was 10.7% YY in Nov
Source:
Refinitiv IFR Research/Market Commentary