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