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Jul 03 - 04:55 AM

GBP/USD - Awaits NFP Data After Tumble On Tearful Reeves

By Robert Howard  —  Jul 03 - 02:48 AM

• Cable has traded a 44 pip range thus far Thursday; 1.3625-1.3669

• 1.3669 is also high since Wednesday's 1.3531 (lowest level since June 24)

• Drop to 1.3531 spurred by spike in gilt yields on Reeves tears at UK PMQs

• 1.3690 was Wednesday's Ldn am low, before PMQs (which began at midday BST)

• U.S. June jobs data due at 1230 GMT: NFP f/c 110k; jobless rate f/c 4.3%

• NFP miss/higher jobless rate could hurt USD (ADP data unexpectedly negative)

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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