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TDUX
Aug 19 - 08:55 AM

GBP/USD - Respects Three-Month High Before Fed Minutes

By Robert Howard  —  Aug 19 - 06:55 AM

• Cable has traded a 40.5 pip range thus far Wednesday; 1.3525-1.35655

• The peak of that range is 5.5 pips shy of Monday's three-month high

• Minutes from July's Fed meeting will be published at 1800 GMT

• Eighty of 104 economists polled by Reuters expect Fed holds through year-end

• UK CPI rose to 2.9% in July, as expected, from 2.6% in June

• Pound can bank on another 6-3 rate hold vote in September

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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