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Thomson Reuters
Aug 10 - 05:00 AM
GBP/USD - Drops To Aug 2017 Low On USD Demand, Turkey Turmoil
First appeared on eFXplus on Aug 10 - 03:00 AM
  • Cable drops to test 1.2774 (Aug 2017 low) on USD demand amid Turkish turmoil
  • USD/TRY soared to 6.49 all-time high circa 0615GMT before retreating to 5.85
  • 1.2798 was GBP/USD low in Asia after EUR/USD broke below 1.1500 on FT piece
  • "ECB concerns grow over EU banks' Turkey exposure" nL4N1V12B3 nL1N1V103Y
  • EUR/GBP slid to 3-day low of 0.8937 as EUR/USD tanked. 0.8981 = Thursday low
  • Raft of UK economic data due at 0830GMT, including Q2 GDP: +0.4% expected

UK data: Click here

Source:
Thomson Reuters IFR Markets

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