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Jan 23 - 03:55 AM

GBP/USD - Hugs 1.2300 Expiry After Fall From Two-Week Peak

By Robert Howard  —  Jan 23 - 02:42 AM

• Cable hugs 1.2300 option expiry after drop from 1.2376 (two-week high Weds)

• Decline influenced by modest rise in UST yields on Wednesday

• GBP/USD was sub-1.22 before USD fell on no day-one tariffs guidance Monday

• Trump to remotely address business, political leaders in Davos at 1600 GMT

• Putin growing concerned by economy, as Trump pushes for Ukraine conflict end

• Safe-haven USD may dip if war ends, having risen when it began in Feb 2022

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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