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Aug 02 - 07:24 AM
GBP/USD - Could Match Thursday's High On An NFP Miss
First appeared on eFXplus on Aug 02 - 05:30 AM
  • Cable could rise to 1.2170 if July's NFP comes in below 164k at 1230GMT
  • 1.2170 was Thursday's high on dovish shift in Fed expectations re: Trump
  • See: . NFP miss would increase pressure on Fed to cut in Sept
  • 1.2200 and 1.2250 (Wednesday's high) are resistance levels beyond 1.2170
  • Wednesday's high was notched before the USD rose on the Fed's hawkish cut
  • 1.2080 = 31mth low Thurs. UK construction PMI 45.3 vs 46.0 f/c nL9N1JU015

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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