• Cable falls to 1.2575 as global stock losses weigh on risk-sensitive pound

• Nikkei down 2.88%, Kospi down 3.39%. 1.2575 is lowest level since Feb 19

• 1.2689 was Thursday's high, before USD jumped on tariff guidance from Trump

• Support points include 1.2564 (Feb 19 low) and 1.2550 (Feb 14 low)

• US, UK will have trade agreement, Trump says alongside Starmer

• BoE's Ramsden sees increased risk of above-target UK inflation

GBPUSD

(Robert Howard is a Reuters market analyst. The views expressed are his own)