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Feb 10 - 03:55 AM

GBP/USD - Reclaims 1.24 Handle After Post-BoE Low Respected

By Robert Howard  —  Feb 10 - 02:41 AM

• Cable reclaims 1.24 handle following Trump-spurred drop to 1.2370 in Asia

• Trump on Sunday said he will introduce new 25% steel and aluminum tariffs

• 1.2370 is 9 pips shy of Thursday's post-BoE rate cut low

• Friday's high was 1.2490, after knee-jerk USD drop on Jan NFP miss

• UK job vacancies weakest since August 2020, REC/KPMG survey shows

• CFTC data: net GBP short almost halved to 11,323 contracts in week to Feb 4

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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