By Rob Howard — Nov 04 - 02:55 AM
Cable up to 1.2999 in Asia as USD fell on Iowa poll from Des Moines Register
Poll has Harris leading Trump 47-44%; Trump easily won Iowa in 2016 and 2020
1.2918 was pre-weekend low vs 1.2980 high after USD fell on big Oct NFP miss
Halloween high was also 1.2999 - before drop to 1.2845 on higher gilt yields
1.2845 = 11-week low. CFTC data showed net GBP long fell ahead of UK budget
25 bps BoE, Fed rate cuts expected on Thursday. Badenoch is new Tory leader
Source:
Refinitiv IFR Research/Market Commentary