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Apr 13 - 06:55 AM

GBP/USD - Eyes 10-Month High After 1.25 Break On Dollar Sales

By Rob Howard  —  Apr 13 - 05:20 AM
  • Cable threatens 1.2525 after vaulting 1.2500 on selling of the greenback

  • 1.2525 was 10-month high last week (Apr 4). 1.2500 was a resistance level

  • Dollar continues to suffer on Wednesday's softer than expected U.S. CPI data

  • BoE's Pill due to speak about UK economy and monetary policy at 1300 GMT

  • UK Feb GDP flat vs 0.1% forecast; UK Jan GDP revised up by 0.1% to 0.4%

  • BoE survey: UK lenders see weak mortgage lending, but no wider credit crunch

Source:
Refinitiv IFR Research/Market Commentary

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