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Dec 21 - 07:55 AM

GBP/USD - Falls To 1.21 After UK Borrowing Hits Nov Record

By Rob Howard  —  Dec 21 - 06:45 AM
  • Cable hits 1.2095 (intra-day low) after sliding from 1.2192 (Asia high)

  • Drop to 1.2095 influenced by much higher than expected UK borrowing data

  • GBP 22 billion in November vs GBP 13 billion forecast nL8N33B12L

  • Thousands of UK ambulance staff strike as public urged to avoid risks

  • 1.2086 (Tuesday's low), 1.2050 and 1.2000 are GBP/USD support levels

  • UK CBI December retail sales balance +11 vs minus 23 forecast nS8N2Y301I

Source:
Refinitiv IFR Research/Market Commentary

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