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Dec 16 - 01:55 PM

GBP/USD - Up To Threaten 1.27 As Pound Has Happy Monday

By Rob Howard  —  Dec 16 - 11:40 AM
  • Cable eyes 1.2700 after rallying off 1.2635 (post-US ISM services beat low)

  • 1.2700 is a former support point (stops sub-1.2700 were tripped last week)

  • Pound also stronger vs euro; EUR/GBP down to eye 0.8270 (Thursday's high)

  • GBP underpinned by expectation of BoE rate hold this week, by 8-1 vote

  • UK jobs/pay data due Tuesday at 0700 GMT; pay growth rise to 4.6% forecast

  • UK inflation data ensues on Wednesday; services CPI forecast at 5.1% YY

Source:
London Stock Exchange Group | Thomson Reuters

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