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Feb 08 - 08:55 AM

GBP/USD - Drops To Two-Day Low As Dollar Jumps Vs Yen

By Rob Howard  —  Feb 08 - 07:50 AM
  • Cable falls to 1.2590 after USD/JPY vaults 149 en route to 11-week high

  • 1.2590 is lowest level since Tuesday (1.2518 was eight-week low Monday)

  • Support points ahead of 1.2518 include 1.2565 (200-day moving average)

  • US weekly jobless claims data due at 1330 GMT; 220k forecast

  • MPC dove Dhingra due to speak at 1400 GMT; hawk Mann to speak at 1500 GMT

  • Trump set to win Nevada's delegates after Haley humiliation nL1N3ES3AS

Source:
Refinitiv IFR Research/Market Commentary

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