By Rob Howard — Apr 25 - 06:15 AM
Cable falls to 1.2717 after CBI mfg orders book balance worse than expected
14 vs 21 Reuters poll forecast nL5N2WN2D1. 1.2717 = new 19-month low
CBI data miss follows UK retail sales/service PMI misses Friday nL5N2WK1AJ
1.2729 was early Ldn low, as China stocks slumped on Beijing lockdown fears
See: nL2N2WN0ID. GBP is risk-sensitive, while USD is safe-haven
Pressure on UK PM Johnson is also weighing on the pound nL5N2WN191
GBPUSD Click here
Source:
Refinitiv IFR Research/Market Commentary