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May 14 - 03:55 AM

GBP/USD - Respects Friday High After Rise On Cooler US CPI

By Robert Howard  —  May 14 - 02:47 AM

• Offers pre-1.3322 keep lid on cable after ascent extension from 1.3140

• 1.3322 was last Friday's high (May 9). 1.3140 was Monday's four-week low

• Rise to threaten 1.3322 influenced by cooler than expected U.S. CPI data

• More offers likely pre-1.3350 (1.3345 was high after hawkish BoE cut, May 8)

• BoE MPC hawk Mann says UK labour market more resilient than thought

• China criticises UK trade deal with US, FT reports (deal agreed last week)

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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