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May 03 - 04:55 AM

GBP/USD - Supported By Glencore-Anglo News Tip Pre-NFP Data

By Rob Howard  —  May 03 - 02:50 AM
  • Cable consolidates gains from 1.2472 (Thursday's low) pre-US jobs report

  • Pound supported by word Glencore studying an approach for Anglo American

  • Anglo rejected 31 billion pound offer from BHP last week nL1N3H3140

  • 1.2557 was GBP/USD high in Asia (1.2569 was two-and-a-half week high Monday)

  • Thursday's low was five pips shy of Wednesday's pre-Fed event risk low

  • Labour make gains at the expense of PM Sunak's Tories in UK local elections

Refinitiv IFR Research/Market Commentary


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