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May 18 - 02:36 PM

GBP/USD - Near Seven-Week Low After Negative Move On Haldane

By Rob Howard  —  May 18 - 02:20 AM
  • Cable fell to a seven-week low of 1.2075 in Asia, courtesy of BoE's Haldane

  • Haldane said BoE looking more urgently at options such as negative rates

  • See: nL8N2CY0NI. 1.2075 = 4.5% below April 30 high nL1N2CJ07N

  • 1.2100 was pre-weekend low after disharmony in EU-UK trade talks hurt GBP

  • See: nL8N2CX2EM. More EU-UK trade talks slated for June 1-5 nL1N2CP09M

  • IMM speculators raise net GBP short for third week in a row nL1N2D0072

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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