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Jan 13 - 08:55 AM

GBP/USD - Offers Around 1.37 Cap Ahead Of U.S. Inflation Data

By Rob Howard  —  Jan 13 - 07:24 AM
  • Sell orders around 1.3700 kept a lid on cable through the London morning

  • Offers circa 1.3700 also capped GBP/USD gains at the start of last week

  • 1.3701 = Ldn am high nL1N2JO0J5. 1.3703 was 32-month high on Jan 4

  • GBP underpinned by Bailey talking down the prospect of negative BoE rates

  • See: nL8N2JN1YS. Retreat from 1.3701 based around 1.3655 (Asia low)

  • U.S. December inflation data due at 1330GMT, core CPI forecast +1.6% YY

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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