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