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Thomson Reuters
Sep 05 - 05:00 AM
GBP/USD - Drops Before UK Service PMI As Asian Stocks Slide
First appeared on eFXplus on Sep 05 - 03:15 AM
  • Cable down 31 pips to 1.2832 since the European open as Asian stocks slide
  • Indonesia stocks down 4.65 pct. SSEC closed down 1.7 pct nZZN2RDX00
  • USD is on a higher rung of the safe-haven currency ladder than GBP
  • Cable could extend south through 1.2800-10 if UK service PMI below f/c
  • 53.9 f/c, 0830GMT. 1.2810 was Tuesday's low. 1.2800 was Aug 24 low
  • Ex-BoE chief King says UK heading for "Brexit in name only" nL5N1VR0NB

UK service PMI: Click here

Source:
Thomson Reuters IFR Markets

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