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Jun 13 - 07:55 AM

GBP/USD - Slides To 1.22 As Risk Aversion Rules

By Rob Howard  —  Jun 13 - 06:25 AM
  • Cable falls to 1.2200 as risk aversion buoys the safe-haven dollar

  • 1.2200 is lowest level since May 13 (1.2156 was two-year low that day)

  • Nasdaq futures tumble 3% on aggressive Fed rate hike bets nL4N2Y01S3

  • Cryptocurrency market value slumps nL8N2Y01TAnL4N2Y00N5

  • GBP hurt by unexpectedly negative UK April GDP data and EU-UK trade war risk

  • See: nL8N2Y00SHnL1N2Y00BF. 1.2264 was Asian session low (pre-UK GDP)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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