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Feb 03 - 03:55 PM

GBP/USD - Post-Tariff Delay Bid Ebbs Awaiting Further Trade Policy Clarity

By Paul Spirgel  —  Feb 03 - 01:53 PM

• GBP$ near flat in NY afternoon, -0.06% at 1.2386; Mon range 1.2435-1.2249

• Pair rallied after Mexico tariff delay announced; soft on EZ tariff talk

• Trump ‘could hit EU with 10pc tariff’- The Telegraph

• Tariff risks, expected BoE rate cut keep sterling under pressure

• IRPR indicates BoE to cut 25bp Thursday; Post-decision guidance in focus

• GBP$ res 1.2410 rising 10-DMA, 1.2435 post-tariff delay Mon high

• Supt 1.2382 hrly low post-pullback high, 1.2249 Monday low

GBP Chart:


(Paul Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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