By Robert Howard — Jan 09 - 05:49 AM
• Cable met headwind around 1.2300 after rallying off 1.2239 (14-month low)
• 1.2239 was plumbed as gilt yields rose again from the 0800 GMT open
• Gilt sell-off heaps pressure on Reeves. 1.2300 is a former support level
• 1.2299 was last year's low. 1.2321 was Wednesday's low (after CNN report)
• BoE survey says UK firms plan to raise prices, cut employment after tax hike
• Musk discussed ways to oust UK PM Starmer before next election, FT
reports
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters