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Jan 21 - 03:55 AM

GBP/USD - Holds Above Asia Low After UK Pay Matches Forecast

By Robert Howard  —  Jan 21 - 02:21 AM

• Cable holds above 1.2249 after UK pay growth matches 5.6% forecast

• 1.2249 was Asia low, after USD rose on tariff guidance from President Trump

• Trump mulls Feb 1 imposition of 25% tariffs on imports from Canada, Mexico

• 1.2345 was high before Trump's guidance, on absence of day-one U.S. tariffs

• GBP/USD was sub-1.22 before dollar fell on word of no day-one tariffs Monday

• UK finance minister Reeves to tell Davos: 'time to invest in Britain is now'

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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