GBP

This is as good as it gets; our bias is to fade further pound strength - BofA

• Cable is up 18 pips to 1.2442 today

GBPUSD Whiplash: Market volatility amid strong UK inflation and technical indicators

• Volatile up and down price action today in the GBPUSD

Morgan Stanley now expects BOE to raise bank rate by 25 bps in May

• The firm previously expected no change to the bank rate next month

BOE rates pricing shows 95% probability baked in already for a 25 bps rate hike in May

• It was roughly 78% before the UK CPI data earlier

Sterling jumps as UK inflation continues to run at double-digits

• The pound moves higher on hotter-than-expected inflation numbers

UK March CPI +10.1% vs +9.8% y/y expected

• Latest data released by ONS - 19 April 2023

Bank of England speakers today: Mann

GBPUSD Technical Analysis - Rangebound

• The GBPUSD just can’t get out of the range.

UK March payrolls change 31k vs 98k prior

• Latest data released by ONS - 18 April 2023

UK inflation to regain downward footing after February surprise - Deutsche

• A trip back under double-digits for UK CPI this week?

FT report: Bank of England considers urgent refor of deposit guarantee scheme

Key levels tested as GBPUSD continues its downward move

• Testing the 1.27974 (call it 1.2800) area

GBPUSD breaking below its 100/200 hour moving averages

• Michigan consumer sentiment pushes the pair lower

Bank of England Tenreyro speaking Friday

• Tenreyro is on the more dovish side of the BoE ledger.

UK February monthly GDP 0.0% vs +0.1% m/m expected

• Latest data released by ONS - 13 April 2023