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