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Nov 21 - 06:55 AM

GBP/USD - Down On Higher UK Borrowing, Russia-Ukraine News

By Rob Howard  —  Nov 21 - 05:00 AM
  • Cable falls to 1.2624 on higher UK borrowing, Russia-Ukraine war news

  • Russia launched ICBM during attack on Ukraine, Kyiv says nL8N3MS0LC

  • 1.2624 = two-day low. 1.2647 was Asia low, before UK data and ICBM news

  • Dollar is safer-haven than pound (1.2615 was Tuesday low on Russia news)

  • Russia says new US base in Poland raises overall nuclear danger nL8N3MS0G4

  • US jobless claims data, Philly Fed survey due 1330 GMT: 220k and 8.0 f/c

Source:
Refinitiv IFR Research/Market Commentary

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