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Mar 03 - 07:55 AM

GBP/USD - Rises To 1.20 On Equity Gains, UK PMI Revision

By Rob Howard  —  Mar 03 - 06:00 AM
  • Cable hits 1.2004 after extending north from 1.1924 (Thursday's low)

  • Ascent fuelled by global equity gains (pound is risk-sensitive)

  • GBP also helped by UK Feb services PMI upward revision to 53.5, from 53.3

  • U.S. Feb ISM services index due 1500 GMT; 54.5 f/c (USD jumped on Jan beat)

  • UK to extend energy bill help for three months - The Times nL8N35B2BV

  • Britain to begin clarifying new Brexit deal in coming days - minister

Source:
Refinitiv IFR Research/Market Commentary

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