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Jan 31 - 11:55 AM

GBP/USD - Falls To One-Week Low As Tariff Temperature Rises

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

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