By Robert Howard — Feb 03 - 02:46 AM
• Cable sank to 1.2249 in Asia, as safe-haven dollar rose on Trump's tariffs
• Trump says Americans may feel 'pain' in trade war with Mexico, Canada, China
• 1.2249 is lowest level since Jan 21. Friday's range was 1.2387-1.2472
• 1.23 is now a resistance level (stops at 1.2300 were tripped in Asia)
• UK PM Starmer to meet EU leaders today. BoE rate cut expected on Thursday
• CFTC data showed net GBP short rose to 21,672 contracts in week ended Jan
28
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters