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May 09 - 03:55 AM

GBP/USD - Hits 23-Month Low On Risk Aversion Pre-Putin Speech

By Rob Howard  —  May 09 - 02:30 AM
  • Cable falls to 1.2268 as risk aversion buoys safe-haven USD pre-Putin speech

  • 1.2268 is lowest level since June 2020 (1.2252 was the low that month)

  • Putin speech may offer clues to future of Russia-Ukraine war nL2N2X1018

  • Nikkei down 2.5% nL3N2X10P7. European/U.S. stock futures down nL5N2X10W8

  • 1.23 is now a resistance level (1.2302 = NY low Friday after NFP data beat)

  • Belfast takes Sinn Fein's historic election win in its stride nL2N2X00GS

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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