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TDUX
May 13 - 03:55 AM

GBP/USD - On 1.35 Handle Before The King's Speech

By Robert Howard  —  May 13 - 02:43 AM

• Cable has traded a 19.5 pip range thus far Wednesday; 1.3529-1.35485

• Tuesday low was 1.3500, as UK political turmoil weighed on the pound

• 1.3500 is the lowest level since April 30 (1.3653 was Monday high)

• UK PM Starmer vows to carry on governing; King's speech at 1030 GMT

• Starmer is due to meet potential leadership challenger Streeting pre-speech

• 10-year gilt yield hit 18-year high on Tuesday. Why are Britons so fed up?

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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