By Robert Howard — Jan 31 - 02:37 AM
• Cable elicited support pre-1.2400 after Trump-spurred fall towards figure
• Trump reiterated threat to impose 25% tariffs vs Canada and Mexico on Feb 1
• The threatened tariffs "may or may not" include oil. 1.2400 is near to 30DMA
• 1.2435 is high since drop to threaten 1.2400 (Wednesday's low was 1.2394)
• Resistance levels include 1.2477 (Thursday's two-day high) and 1.25
• An easing ECB would surely balk at 'Plaza2' idea to weaken USD
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters