By Robert Howard — Mar 14 - 03:19 AM
• Cable falls to 1.2927 intra-day low on unexpectedly negative UK Jan GDP
• Minus 0.1% vs plus 0.1% forecast. 1.2938 was Asia low (pre-UK GDP data)
• 1.2927 is six pips shy of Thursday's low (1.2914 was Wednesday's low)
• BoE is still expected to keep rates unchanged next week, despite GDP miss
• Fed also seen on hold next week. 1.2990 was 18-week high on Wednesday
• Schumer signals Democrat support for spending bill to avert govt
shutdown
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters