By Robert Howard — Jan 13 - 02:34 AM
• Cable drops to fresh 14-month low of 1.2124 (Friday's low was 1.2194)
• USD continues to benefit from Friday's strong US jobs data
• Strong US jobs growth raises doubts about further Fed rate cuts
• Gilt yields rose sharply last week, to the detriment of GBP
• On Saturday, Reeves said she will act to ensure UK fiscal rules are met
• GBP/USD bids may emerge around 1.2100 (1.2096 was Nov 2023 low)
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters