Friday, October 16, 2026

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GBP/USD supported by upbeat UK trade data

Cable rises towards 1.50 after better than expected UK trade data UK trade deficit GBP 616mn in Jan from GBP 2.14bn in Dec Jan goods trade deficit GBP 8.41bn vs GBP 9.7bn forecast Stops below 1.50 tripped Wednesday, on t…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Cable rises towards 1.50 after better than expected UK trade data

  • UK trade deficit GBP 616mn in Jan from GBP 2.14bn in Dec

  • Jan goods trade deficit GBP 8.41bn vs GBP 9.7bn forecast

  • Stops below 1.50 tripped Wednesday, on the way to 20month low of 1.4893

  • 1.4955 = pre-UK trade data low vs 1.5014 early Europe high 

 

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By FxWirePro Team