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Jan 06 - 06:55 AM

GBP/USD - Falls To Lowest Level Since Nov 22 Pre-NFP Data

By Rob Howard  —  Jan 06 - 04:40 AM
  • Cable hits 1.1861 (lowest level since Nov 22) after breaking below 1.1873

  • 1.1873 was Thursday's low, after USD jumped on strong U.S. labor market data

  • Drop to 1.1861 influenced by negative UK house price data nL8N33R0YP

  • UK Dec construction PMI 48.8 vs 49.6 f/c (sub-50 = contraction) nZRN005QWX

  • U.S. Dec jobs report due 1330 GMT; NFP f/c 200k, AHE f/c 5% YY nL1N33Q1TK

  • Big NFP beat could further depress GBP/USD towards 1.1800 nL1N33R0HB

Source:
Refinitiv IFR Research/Market Commentary

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