London, April 28. Hometrack"s 00:01GMT disclosure that UK house prices are 0.9% lower than a year ago (Daily Telegraph, p1) is weighing on cable, with a batch of tripped sell stops helping depress the rate to an intra-day low of 1.9790. Today"s Asian session range was 1.9818-1.9850 (up to 05:30GMT).
1.9760 (Friday"s Asian session top) and 1.9745 are support points south of 1.9790. A 1.9745 option strike rolls off at today"s 10am Eastern NY cut (14:00GMT). GBP/USD plumbed a nine-day low of 1.9677 in early European trade on Friday.
Britain"s biggest banks are setting up emergency credit lines to small building societies giving them backdoor access to the BoE"s GBP 50bn crisis loan facility, according to the Sunday Times. [email protected]
1.9760 (Friday"s Asian session top) and 1.9745 are support points south of 1.9790. A 1.9745 option strike rolls off at today"s 10am Eastern NY cut (14:00GMT). GBP/USD plumbed a nine-day low of 1.9677 in early European trade on Friday.
Britain"s biggest banks are setting up emergency credit lines to small building societies giving them backdoor access to the BoE"s GBP 50bn crisis loan facility, according to the Sunday Times. [email protected]