By Robert Howard — May 23 - 09:48 AM
• Dollar selling fuelled cable rise to new 39-month high of 1.3533 at 1247 GMT
• Start point for upleg to 1.3533 was 1.3474 (six pips above Wednesday's high)
• That 1.3474 low was plumbed as EUR/USD sank on Trump's 50% EU tariff threat
• EUR/GBP simultaneously fell to lowest level since April 3 as EUR/USD sank
• Cable high before Trump's EU post was 1.3515, as Trump's Apple post hurt USD
• EU trade chief Sefcovic and U.S. counterpart Greer due to speak at 1500
GMT
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters