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May 07 - 11:55 AM

GBP/USD - Beats Half-Cent Retreat From NFP Miss-Spurred High

By Rob Howard  —  May 07 - 09:46 AM
  • Cable hits 1.3920 after retreating from 1.3972 (one-week peak at 1237GMT)

  • Retreat influenced by some profit-taking on short USD positions

  • 1.3972 was notched as USD tumbled on April's big NFP miss nL1N2MU0Z5

  • More: nL1N2MT2XD. 1.3892 was low shortly before the NFP data release

  • Pro-independence SNP win early seats in Scottish elections nL8N2MU4PW

  • Bank of England does not see COVID bankruptcy wave - Haldane nL8N2MU4HC

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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