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Mar 01 - 05:55 AM

GBP/USD - Trades On 1.26 Handle, As It Has All Week

By Rob Howard  —  Mar 01 - 04:05 AM
  • Cable has traded on a 1.26 handle since Monday (1.2699 was high that day)

  • Stops may be sheltering below 1.2600 (GBP/USD was last sub-1.26 on Feb 20)

  • 1.2614 was Thursday's one-week low, after drop from 1.2681 (intra-day high)

  • UK house prices rise for first time in over a year, lender Nationwide says

  • UK budget next week. US Senate approves bill to avert government shutdown

  • Trump tariff plans spur talk of inflation 2.0. Presidential election Nov 5

Source:
Refinitiv IFR Research/Market Commentary

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