Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 14 - 03:55 PM

GBP/USD - Slides After Soft UK CPI Hints At Faster, Deeper BoE Policy Cuts

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!