By Rob Howard — Sep 12 - 09:25 PM
Cable meets headwind pre-1.3071 after extending north from 1.3003
1.3071 was Asia low Wednesday. 1.3003 was three-week low Wednesday
More offers expected around 1.3100 (1.3112 was Wednesday high)
US jobless claims 230k, as forecast. US PPI up 0.2% MM vs 0.1% forecast
Data underpins expectation that Fed will cut rates by 25 bps next week
Lagarde stresses ECB's data-dependent approach, re: rate cuts nL1N3KU06H
Source:
Refinitiv IFR Research/Market Commentary