By Rob Howard — Oct 30 - 04:35 AM
Cable slides to 1.2090 as two-year gilt yield falls to four-month low
1.2090 is lowest level since Thursday (1.2070 was three-week low that day)
GBP/USD held above 1.2100 on Friday, with 1.2163 marking the intra-day high
1.2039 (Oct 4, 29-week low) and 1.2000 are key support points below 1.2070
IMM speculators raise bearish GBP bets for ninth week in a row nL1N3C00GY
BoE is expected to deliver second consecutive rate hold this week (Thursday)
Source:
Refinitiv IFR Research/Market Commentary