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Jun 02 - 03:55 AM

GBP/USD - Reclaims 1.35 Handle As June Gets Underway

By Robert Howard  —  Jun 02 - 02:51 AM

• Cable rises to 1.3533 on dollar selling as June gets underway

• 1.3533 is highest level since May 27 (1.3449 was Friday's low)

• On Friday, Trump said he plans to double steel, aluminum tariffs to 50%

• Fed's Waller still open to cutting interest rates later this year

• BoE's Breeden sees loosening labour market and disinflation - Sunday Times

• CFTC data: net GBP long rose to nine-week high in the week ended May 27

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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