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Oct 08 - 07:55 AM

GBP/USD - Pivots 1.36 Ahead Of U.S. Employment Report

By Rob Howard  —  Oct 08 - 05:35 AM
  • Cable has traded a 34 pip range thus far Friday, 1.3585-1.3619

  • Those parameters are within Thursday's range of 1.3571-1.3638

  • Relative calm precedes U.S. employment report at 1230GMT; NFP f/c 500k

  • See: nL1N2R31KD. Big NFP beat might further raise UST yields and the USD

  • 1.3545 and 1.3432 (Monday's low) are GBP/USD support points below 1.3571

  • BoE rate rise to 0.75% is now fully priced by Sept 2022 nL1N2R40I4

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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