By Rob Howard — Oct 20 - 06:15 AM
Cable elicited support by 1.2093 after GBP fell on weak UK retail sales data
1.2093 was two-week low Thursday. 1.2120-1.2145 was Asia range (pre-UK data)
GBP/EUR down to 24-week low of 1.1442 on worse than expected UK retail sales
Risk of another BoE rate hike declines on UK retail sales miss nL1N3BQ0NZ
UK budget deficit smaller than expected in September nL8N3BQ1DL
Labour on course to win power in UK in 2024 after two by-election victories
Source:
Refinitiv IFR Research/Market Commentary