GBPUSD Outlook, February 13

Cable is exchanging little changed on the downside at around 1.2890 after the UK inflation data decelerated more than anticipated in January (to 1.8% y/y).

The GBPUSD pair tests above 1.2905 zone in early today’s trading, following previous day’s bullish close which flagged bears may remain on hold. Cable broadens recovery from yesterday’s lows.

However, it’s still all about Brexit for the GBP and the absence of new developments in front of tomorrow’s debate is unquestionably making it tough for traders to calculate sentiment at this moment.




Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.