By Robert Howard — Jan 22 - 02:32 AM
• Cable eases to 1.2312 after data shows UK borrowed GBP 17.8 billion in Dec
• Higher than expected amount; 14.1 bln was forecast. 1.2312 = intra-day low
• GBP/USD fell to 1.2316 just before the UK public finance data was released
• 1.2360 was Tuesday high, as lower gilt yields lifted the pound
• Higher gilt yields negatively impacted sterling at the start of this month
• 1.2360 is highest level since Jan 9. 1.2230 was Tuesday low (during Ldn
am)
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters