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Oct 15 - 07:55 AM

GBP/USD - Holds Sub-1.31 Before UK Inflation Data Wednesday

By Rob Howard  —  Oct 15 - 05:40 AM
  • Cable meets headwind by 1.3087 after rising from 1.3038 (early London low)

  • 1.3087 was rally high from last Thursday's one-month low of 1.3011

  • More offers expected pre-1.31 (1.3095 was Ldn/NY session high on Oct 9)

  • Cooling UK jobs market keeps BoE on track for Nov 7 rate cut nL8N3LR078

  • UK inflation data due Wednesday; services CPI forecast to fall to 5.2% YY

  • Oil falls as Iran supply disruption concerns ease on Washington Post report

Source:
Refinitiv IFR Research/Market Commentary

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