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TDUX
Apr 02 - 04:55 AM

GBP/USD - Falls After Trump Vows More Strikes On Iran

By Robert Howard  —  Apr 02 - 02:42 AM

• Cable drops to 1.3202 as safe-haven dollar rises after Trump vows more strikes on Iran

• 1.3202 is the lowest level since Tuesday (1.3345 was intra-week high Wednesday)

• Oil prices jump, stocks sink on Trump's Iran war guidance

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

• 1.3172 was Ldn/NY session low Tuesday (after quarter-end fix-related selling of GBP)

• JPMorgan no longer expects BoE to hike on April 30, after dovish Bailey guidance

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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