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Sep 25 - 08:55 AM

GBP/USD - Falls By Over A Cent As Stock Losses Impact

By Rob Howard  —  Sep 25 - 07:15 AM
  • Cable threatens 1.2692 after extending south from 1.2805 (three-day high)

  • 1.2692 was Thursday's low (16 pips shy of Wednesday's nine-week low)

  • Decline influenced by equity losses: Eurostoxx 600 is currently down 1.25%

  • S&P e-mini is currently down 0.7% having been up 0.55% at 0500GMT

  • Equity price drops regularly weigh on the risk-sensitive pound

  • Stocks set for dire week, best for USD since April nL5N2GM1P6

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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