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May 17 - 08:55 AM

GBP/USD - Near 1.25 Pre-U.S. Data After Strong UK Jobs Data

By Rob Howard  —  May 17 - 07:40 AM
  • Cable awaits U.S. data after Ldn morning rise to 1.2487 (high since May 5)

  • Rise to 1.2487 fuelled by strong UK employment/earnings data nL5N2X91BH

  • 1.2347 was Asian session top (pre-UK data). Two-year gilt yields surge

  • See: nS8N2W30BA. U.S. April retail sales data due 1230 GMT, +0.9% MM f/c

  • BUZZ-Alarm bells ring for GBP shorts pre-UK CPI data Wednesday nL2N2X90IB

  • UK to set out next steps to tackle post-Brexit N.Ireland trade nL5N2X91DJ

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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