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Jun 25 - 03:55 AM

GBP/USD - Close To 1.24 After Down Day For Asian Equities

By Rob Howard  —  Jun 25 - 02:30 AM
  • Cable eased to 1.2405 in Asia as equity losses weighed on risk-sensitive GBP

  • Nikkei closed down 1.2% nL4N2E20YM. 1.2405 = three-day low

  • 1.2417 was Wednesday's low as European and U.S. stock falls hurt the pound

  • S&P closed down 2.59% nL1N2E12KI. S&P e-mini is currently down 0.5%

  • 1.2432 was GBP/USD high in Asia (1.2434 was Tuesday's low)

  • 26 of 35 respondents to Reuters survey expect more QE from BoE nL8N2E123V

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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