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Jan 14 - 03:55 AM

GBP/USD - Lifted By 'Gradual' Trump Tariff Hikes Tip

By Robert Howard  —  Jan 14 - 02:37 AM

• Cable rose to 1.2250 in Asia as dollar fell on report about U.S. tariffs

• Bbg-Trump team studies gradual tariff hikes; one idea involves 2-5% a month

• 1.2250 is highest level since Monday's 14-month low of 1.2100

• Gradual U.S. tariff hikes would be less disruptive than sudden tariff hikes

• Trump will be inaugurated as U.S. President next week (Jan 20)

• 1.2266 (Friday's pre-NFP low) and 1.23 are resistance levels beyond 1.2250

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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