Cable hit 1.2156 at 1326 GMT after breaking below 1.2165 (Thursday's low)

1.2156 is lowest level since May 2020 (1.2075 was the low that month)

USD supported by expectation of 50 bps Fed rate hikes in June and July

UK recession fears and Brexit concerns are helping weigh on the pound

Raft of UK data due next week, including April CPI Wednesday nL2N2X50WR

CFTC data at 1930 GMT may show 10th consecutive weekly rise in net GBP short