By Rob Howard — Jun 14 - 02:45 AM
1.2170 is low water-mark for cable since it hit 1.2210 after UK jobs data
UK employment +177k vs +105k f/c. Jobless rate 3.8% vs 3.6% f/c nL8N2Y116C
1.2210 = highest level since Monday's 25-month low of 1.2109
Drop to 1.2109 fuelled by safe-haven demand for USD amid risk aversion
See: nL1N2Y00QP. 89% chance of 75 bps Fed hike Wednesday FEDWATCH
UK: No reason EU should react negatively to NI law nS8N2WC06VnL1N2Y00BF
GBPUSD Click here
Source:
Refinitiv IFR Research/Market Commentary