By Robert Howard — Jan 31 - 10:01 AM
• Cable falls to 1.2388 as tariff temperature rises in North America
• Trudeau says Canada would respond immediately to any US tariffs
• Mexican president says if US imposes tariffs, this 'puts aside' USMCA FTA
• 1.2388 is lowest level since Jan 24 (1.2377 was London session low that day)
• Support points include 1.2350 and 1.2300. BoE rate cut expected next week
• CFTC data at 2030 GMT will show if net GBP short rose in week ended Jan 24
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters