By Rob Howard — Jun 28 - 02:55 AM
Cable climbs to 1.2288 courtesy of a rise in risk appetite on China news
China cuts COVID quarantine time for international travellers nB9N2XP01B
1.2288 = intra-day high, as European stock futures turn positivenL8N2YF19E
GBP is risk-sensitive. 1.2259 was intra-day low at 0605 GMT (pre-China news)
Offers expected above 1.23 (1.2313 was NY high Monday, after drop to 1.2239)
UK's new NI trade law passed first legislative hurdle on Monday nL8N2Y857T
Source:
Refinitiv IFR Research/Market Commentary