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Thomson Reuters
May 03 - 05:00 AM
GBP/USD - Could Jump Towards 1.3667 If UK Service PMI Above F/c
First appeared on eFXplus on May 03 - 03:05 AM
  • GBP should elicit boost if UK Apr service PMI comes in above f/c at 0830GMT
  • 53.5 is consensus expectation from Reuters poll of 30 economists
  • Highest forecast from those 30 economists is 55.0 from SocGen
  • Nomura went long GBP/USD Wednesday (pre-FOMC), 1.41 target nL1N1S911D
  • 1.3555-1.3652 was cable range in two hours after FOMC (high before low)
  • 1.3555 = 16-week low/19 pips shy of 200DMA. 1.3667 was Wednesday's high

UK service PMI: Click here

Source:
Thomson Reuters IFR Markets

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