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Thomson Reuters
Oct 05 - 08:36 AM
GBP/USD - Awaits U.S Jobs Report Interlude From Brexit Events
First appeared on eFXplus on Oct 05 - 06:45 AM
  • U.S. data set to dictate if cable trades above 1.3060 or below 1.3000 first
  • 1.3060 was early Ldn high after GBP caught bid on Brexit deal optimism
  • See: . 1.3004 was late NY low Thursday. 1.3006 was Asia low
  • AHE/NFP beats could deflate GBP/USD through 1.3000: AHE f/c +2.8 pct YY
  • In contrast, data misses may propel cable towards 1.3100/18. NFP f/c 185k
  • 1.3118 = Monday's high. IMM specs are short GBP and long USD

U.S. data: Click here

Source:
Thomson Reuters IFR Markets

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