Cable drops to 1.2313 as Asian equity losses weigh on risk-sensitive pound

Kospi down 2.3%; Nikkei down 1.3%. European and US stock futures negative

1.2313 is lowest level since Monday's seven-week high of 1.2428 nL1N3C80JX

Support points include 1.2300 and 1.2242 (last Friday's pre-NFP data high)

BoE Chief Economist Pill says mid-2024 might be time for first BoE rate cut

UK October house prices up 1.1% MM, first monthly increase since March