GBP

UK data - December consumer confidence -42 (prior -44)

Cable extends decline to 200 pips

• Drop extends into the fix

GBPUSD moves back below 200 hour MA/swing area

• 200 hour MA at 1.22606

Pound falls as BOE resigns to slower pace of tightening policy

• A split in votes is also not helping the case for future policy decisions

BOE raises bank rate by 50 bps to 3.50%, as expected

• The latest Bank of England monetary policy decision - 15 December 2022

One in six people in Britain are worried about running out of food, keeping warm - survey

• The survey highlights discontent and worries about social and economic failings

Euro, sterling stay poised with ECB and BOE in focus

• The hawkish Fed from yesterday did not help the dollar too much

The BoE is expected to hike by 50bp today. Goldman Sachs say more hikes ahead in H1 2023.

• Bank of England monetary policy meeting on Thursday, 15 December 2022 - preview

UK Chancellor Hunt is considering plans to prolong energy aid for all companies

GBPUSD moves back toward 61.8% retracement of 2022 range ahead of FOMC/BOE rate moves

• 1.24507 is the 61.8% retracement

UK November CPI +10.7% vs +10.9% y/y expected

• Latest data released by ONS - 14 December 2022

CPI data is not done yet - UK November inflation data due today - preview

GBPUSD moves back toward the early December high

• The December 5 high was at 1.23435

UK November payrolls change 107k vs 74k prior

• Latest data released by ONS - 13 December 2022

UK finance minister Hunt: I don't know whether inflation has peaked or not

• Remarks by UK finance minister, Jeremy Hunt