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TDUX
Jun 12 - 03:55 AM

GBP/USD - Consolidates Trump-Spurred Gains; UK GDP Digested

By Robert Howard  —  Jun 12 - 02:33 AM

• Cable has traded a 29 pip range thus far Friday; 1.3397-1.3426

• The top of that range is 7.5 pips shy of Thursday's intra-week high

• Thursday peak was scaled as safe-haven dollar fell after Trump cancelled strikes on Iran

• 1.3325 was three-day low for GBP/USD before the planned strikes were cancelled

• Trump says Iran war deal close. UK economy shrank by 0.1% in April, as expected

• Healey's surprise resignation fuels questions about UK PM Starmer's future

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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