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TDUX
Apr 02 - 08:55 AM

GBP/USD - Drops Through 1.32 On Trump's Iran Threats

By Robert Howard  —  Apr 02 - 07:20 AM

(corrects day on 4th bullet)

• Cable falls to 1.3183 as safe-haven dollar strengthens on Trump's Iran threats

• 1.3183 is the lowest level since Tuesday (1.3345 was Wednesday's high)

• U.S. stock futures tumble as Trump signals more Iran strikes

• 1.3172 and 1.3160 (Tuesday's four-month low) are GBP/USD support points

• UK firms report biggest jump in price expectations since April 2024, BoE survey shows

• BofA expects BoE rate hikes in June and July, then three rate cuts in 2027

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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