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Thomson Reuters
Aug 10 - 12:12 PM
GBP/USD - Drops To Fresh 14-Month Low Amid Turkish Turmoil
First appeared on eFXplus on Aug 10 - 10:05 AM
  • Cable down to new 14-month low of 1.2723 on USD demand amid Turkish turmoil
  • USD/TRY soars to fresh record high of 7.00, 25 pct above Thursday's high
  • Trump doubles U.S. tariffs on metals imports from Turkey nL5N1V10HI
  • Profit-take bids may emerge near 1.2700 if GBP/USD extends south
  • 1.2700 was target of short GBP/USD 'trade of the week' from a US name Monday
  • Betway quotes 2/1 for cable to trade sub-1.20 pre-Brexit nL1N1V10MT

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