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Dec 03 - 03:55 AM

GBP/USD - Weighed Down By Hawkish Fed Speak Pre-NFP Data

By Rob Howard  —  Dec 03 - 02:51 AM
  • Cable drops to 1.3273 (intra-day low) as USD benefits from hawkish Fed speak

  • Mester says Omicron threatens to stoke U.S. inflation - FT nL1N2SO09C

  • Bostic, Daly and Barkin all struck hawkish stances on Thursday nL4N2SO18T

  • First Fed rate hike expected in May/June vs Sept pre-hawkish Powell Tuesday

  • U.S. Nov jobs data due 1330 GMT, NFP f/c 550k. Beat could spur 1.3195 test

  • 1.3195 was 11-month low on Tuesday, after USD jumped on Powell nL1N2SL1O5

  • UK PM Johnson's Tories retain "safe" Bexley seat in by-election, as expected

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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