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Jan 28 - 04:55 AM

GBP/USD - Weighed Down By Global Equity Losses

By Rob Howard  —  Jan 28 - 02:52 AM
  • Cable falls to 1.3640 (two-day low) as risk aversion weighs on the pound

  • European and U.S. equity futures negative after steep losses Wednesday

  • See: nL4N2K22BNnL1N2K23H1. Asian stocks down nL4N2K31T6nAZN21VV00

  • USD is a safer-haven than GBP. 1.3640 = 30 pips shy of Tuesday's 1-week low

  • 1.3659 was Wednesday's low (pre-FOMC). 1.3740 was post-Fed high nL1N2K21TK

  • 1.3651-1.3692 was Asian session range (1.3759 = 32-month high 24 hours ago)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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