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Apr 12 - 04:55 AM

GBP/USD - Remains Above 1.24 Before U.S. Inflation Data

By Rob Howard  —  Apr 12 - 02:45 AM
  • Cable holds above 1.2400 ahead of U.S. March inflation data at 1230 GMT

  • Bids pre-1.2400 based retreat from Tuesday's post-Easter high of 1.2456

  • 1.2346 was Monday's one-week low. U.S. CPI f/c 5.2% YY, core f/c 5.6% YY

  • BoE's Bailey to speak about 'The shifting risk landscape' at 1300 GMT

  • UK February GDP data due Thursday at 0600 GMT; growth of 0.1% forecast

  • Megan Greene to join BoE MPC on July 5, replacing ultra-dovish Tenreyro

Source:
Refinitiv IFR Research/Market Commentary

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