Sterling climbs off month lows versus dollar

2018-10-11 18:49:53 GMT (Economies.com)
Sterling climbs off month lows versus dollar

Sterling tilted higher in American trade away from September 10 lows versus the greenback, after multiples speeches by Bank of England Governor Mark Carney, and following earlier data from the US today. 

 

As of 04:59 GMT, GBP/USD rose barely to 1.3199, with a session-low at 1.3182, and the highest since September 21 at 1.3247. 

 

US Inflation, Labor Data 

 

Earlier US data showed consumer prices rose 0.1%, slowing down from 0.2%, while core prices rose 0.1%, also missing estimates of 0.2%. 

 

On a yearly basis, consumer prices rose 2.3%, slowing down from 2.7%, while core prices rose 2.2%, below expectations of 2.3%. 

 

Unemployment claims rose 7 thousand in the week ending October 6 to 214 thousand, while continuing claims rose 4K in the week ending September 29 to 1.660 million.

 
 
 
  Symbol Last Change Chg.%
1.1467
-0.0055
0.4739%
1.2995
-0.0077
0.5856%
14.691
0.059
0.400%
69.022
-0.260
0.375%
79.32
-0.50
0.63%
1231.755
5.050
0.412%
 
 
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