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TDUX
Aug 17 - 04:55 AM

GBP/USD - Consolidates Gains To Three-Month High

By Robert Howard  —  Aug 17 - 02:47 AM

• Cable has traded a 24.5 pip range thus far Monday; 1.3558 = intra-day high

• 1.3558 is three pips shy of Friday's three-month peak

• That peak was scaled after USD fell on unexpectedly negative U.S. retail sales data

• Balance of risk currently tilts towards Fed rate hold in September

• UK jobs, inflation data due this week; CPI is forecast to rise, to 2.9% (Reuters poll)

• Jamie Dimon warns UK finance minister Healey against higher bank taxes - FT

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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