By Paul Spirgel — Aug 14 - 01:50 PM
GBP$ soft in NY afternoon trade, -0.25% at 1.2827; Wednesday range 1.2867-12
Soft UK core/headline and services CPI step up odds for BoE Sept cut
Sterling trickles lower after US CPI dents aggressive Fed cut odds
GBP dip may be brief, IRPR shows Fed -104bp into YE, BoE a further -47bp
GBP$ supt 1.2812 Wed low, 1.2786 55-DMA, 1.2734 daily cloud top
Res 1.2873 Tues high, 1.2899 61.8% Fib of 1.3044-1.2666, 1.2939 Jul 24 high
Source:
Refinitiv IFR Research/Market Commentary