By Rob Howard — Jul 01 - 02:45 AM
Cable slid to 1.2114 in Asia, as risk aversion lifted safe-haven currencies
See: nL1N2YI08U. 1.2114 is lowest level since Thursday's high of 1.2189
1.2093 was Thursday's two-week low (before month-end position adjustments)
Pound suffered biggest six-month drop vs USD since 2016 in H1 nL1N2YH0ZW
USD share of FX reserves remained at 58.8% in Q1 nL8N2YH69WnL1N2YH1D7
UK govt proposes VAT cut to ease pain of rising prices-The TimesnL1N2YH3DW
Source:
Refinitiv IFR Research/Market Commentary