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May 07 - 03:55 AM

GBP/USD - Hugs 1.39 Expiry As Tories Win In Hartlepool

By Rob Howard  —  May 07 - 02:31 AM
  • Cable pivots 1.3900 as UK PM Johnson's Tories win Hartlepool by-election

  • See: nL8N2MU1H5. Hartlepool had been Labour-held since 1974

  • There is a large 1.3900 option expiry for the 10am ET NY cut nL1N2MU096

  • 1.3900 also approximates to mid-point of Thursday's 1.3859-1.3942 range

  • See: nL1N2MT0VT. U.S. April employment report due 1230GMT: NFP f/c 978k

  • Scottish election results in pipeline: most expected Saturday nL4N2MR2UH

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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