By Rob Howard — May 04 - 09:40 AM
Cable dipped to 1.2550 as EUR/USD slid on ECB's 25 bps rate hike
Money markets saw 1-in-5 chance of 50 bps ECB hike. EUR/GBP also fell
1.2550 = intra-day low (1.2553 was Ldn am low). ECB's Lagarde in focus now
Offers pre-1.26 capped GBP/USD at 11-month high in early London trade
PacWest, Western Alliance stocks tumble as US banking concerns deepen
US jobless claims 242k vs 240k f/c. US Q1 labor costs up 6.3% vs 5.5% f/c
Source:
Refinitiv IFR Research/Market Commentary