By Rob Howard — Oct 19 - 05:05 AM
Cable hits 1.2103 after extending south from 1.2211 (Wednesday's high)
1.2103 is lowest level since Oct 4 (1.2107/08 was double-day low, Oct 5/6)
Dollar supported by higher UST yields; 10-year up to 16-year high by 5%
Risk-sensitive pound weighed down by global equity losses nL1N3BP0FJ
US jobless claims due 1230 GMT; 212k f/c. Fed's Powell speaks at 1600 GMT
1.2039 was GBP/USD 29-week low on Oct 4 (before UK services PMI revised up)
Source:
Refinitiv IFR Research/Market Commentary