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Thomson Reuters
Jan 02 - 06:12 AM
GBP/USD Weighed Down By GBP/JPY Drop To 21-Month Low
First appeared on eFXplus on Jan 02 - 04:05 AM
  • Cable drop to 1.2697 influenced by GBP/JPY losses amid risk aversion
  • 1.2697 = intra-day low. GBP/JPY down to 138.31, low since April 2017
  • Safe-haven yen is benefitting from risk aversion: S&P e-mini down 1.9 pct
  • GBP/USD support levels include 1.2682 (Monday's low), 1.2637 and 1.2616
  • 1.2637 was last Friday's low. 1.2616 was last week's low (Dec 27)
  • UK Markit/CIPS Dec manufacturing PMI due at 0930GMT, 52.5 f/c

GBPJPY: Click here

Source:
Thomson Reuters IFR Markets

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