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Thomson Reuters
Jul 11 - 08:36 AM
GBP/USD - Rises To Intra-Week Peak Pre-U.S. Inflation Data
First appeared on eFXplus on Jul 11 - 06:55 AM
  • Cable ascends to 1.2564 intra-week high ahead of U.S. CPI data at 1230GMT
  • USD is continuing to suffer on dovish shift in Fed expectations after Powell
  • One in four chance of 50bp Fed rate cut July 31 vs zero chance post-NFP beat
  • GBP/USD could extend north towards 1.26 if CPI below f/c, +1.6 YY expected
  • 1.2540 (Monday's high) and 1.2521 (Wednesday's high) are now support levels
  • Carney: UK needs to stay open to avoid financing trouble nBELBIEF6I

GBPUSD: Click here

Source:
Thomson Reuters IFR Research/Market Commentary

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