This has been a pattern lately. We generally see consolidation after the European close but cable tends to have a mind of its own — generally based on EUR/GBP flows.
GBP/USD bids said to range from 1.5810 (where spot is) to 1.5795.
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Cable falls to fresh lows
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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- ECB policymaker Lane hints the market is correct in expecting a rate hike in June
- Oil prices nudge up from overnight lows awaiting further US-Iran developments
- Indian Rupee recovers losses on lower oil prices, but risks remain on prolonged stalemate
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