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Apr 11 - 02:55 AM

GBP/USD - Hugs 1.30 After UK Feb GDP Beat

By Robert Howard  —  Apr 11 - 02:31 AM

• Cable hugs 1.3000 after UK February GDP beat; up 0.5% vs 0.1% forecast

• There is a big 1.3000 option expiry Monday. 1.3047 was one-week high in Asia

• Ascent to 1.3047 fuelled by USD selling: EUR/GBP up to 0.8720 in Asia

• 0.8720 is highest level since Nov 2023 (0.8325 was last week's low)

• Trump's week of tariff turmoil rings recession alarm

• UK jobs market sees biggest jump in people looking for work since 2020

GBPUSD


EURGBP


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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