By Paul Spirgel — Aug 12 - 01:40 PM
GBP$ +0.04% at 1.2763 into NorAm close, Monday range 1.2794-47
Early NorAm rise amid falling U.S. yields reversed ahead of upcoming UK data
Tuesday UK employment, earnings and Wednesday's UK, U.S. CPI in focus
Sterling steady ahead of upcoming UK employment and CPI releases
Rising employment, wages may signal steady UK inflation, high-for-longer BoE
Note BoE had expected inflation to rise into yearend 2024
GBP$ res 1.2794 Mon high, 1.2838 the 30-DMA, 1.2855 50% of 1.3044-1.2666
Supt 1.2747 Mon low, 1.2733 rising daily cloud top, 1.2665 200-DMA
Source:
Refinitiv IFR Research/Market Commentary