By Rob Howard — Mar 12 - 05:22 AM
Cable hits 1.3910 after extending south from 1.4005 (Asian session high)
1.3910 is the lowest level since Wednesday. 1.4005 = high since March 4
Drop to 1.3910 influenced by 10-year UST yield rise through 1.60%
See: nL8N2LA1YF. 1.48% was one-week low for 10-year UST yield Thursday
1.3882 and 1.3846 (Wednesday's low) are GBP/USD support points below 1.39
UK Jan GDP -2.9% vs -4.9% f/c nL8N2LA1GH. BoE MPA next week nL1N2LA0N1
GBPUSD Click here
Source:
Refinitiv IFR Research/Market Commentary