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Apr 05 - 05:55 AM

GBP/USD - Drops Towards 1.2600 On Stock Losses Pre-NFP Data

By Rob Howard  —  Apr 05 - 03:35 AM
  • Cable falls to 1.2615 as global equity losses weigh on risk-sensitive pound

  • Nikkei closed down 1.9%, after US stocks fell by more than 1% on Thursday

  • 1.2683 was Thursday's two-week high, before dollar rose on hawkish Kashkari

  • GBP/USD was sub-1.26 on Wednesday, before dollar fell on ISM services miss

  • US jobs report due 1230 GMT: March NFP f/c at 200k; jobless rate f/c at 3.9%

  • Halifax data says UK house prices fall for the first time in six months

Source:
Refinitiv IFR Research/Market Commentary

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