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Nov 14 - 02:55 AM

GBP/USD - Below 1.27 After More "Trump Trades"

By Rob Howard  —  Nov 14 - 02:30 AM
  • Cable slides to 1.2675 as dollar adds to gains, courtesy of "Trump trades"

  • 1.2675 is lowest level since Aug 8 (1.2666 was low that day)

  • Republicans win majority of House seats in government sweep, Edison projects

  • 1.2700 (ex-support point) and 1.2719 (Tuesday low) are now resistance levels

  • Trump's Treasury pick: Lutnick now a top contender alongside Bessent

  • BoE's Bailey and UK finmin Reeves to speak at Mansion House tonight (GMT)

Source:
Refinitiv IFR Research/Market Commentary

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