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
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(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters