Cable heavy in Asia trade, not helped by 11. Strong USD and 2. Weak service sector outlook

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The US dollar is firm pretty across the major FX board, with the uncertainty over tariffs widely cited as keeping riskier trades out of the spotlight. Cable is no exception, trading heavily during Asia timeA report earlier isn't helping. The Confederation of British Industry's quarterly survey of services firms showed that profitability among business and professional firms fell to -37 in the three months to Februaryfastest drop since August 2020down from -32 in the previous quarter's surveyCBI comments:businesses are grappling with the rise in employment costs from measures in the autumn budgetunderlying demand conditions remain weakthe much deeper weakness in consumer services firms points to a cautious spending mindset among households This article was written by Eamonn Sheridan at www.forexlive.com.