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Aug 06 - 02:55 AM

GBP/USD - Holds Above 1.3900 Ahead Of U.S. Jobs Report

By Rob Howard  —  Aug 06 - 02:29 AM
  • Cable has traded a 49.5 pip range since Thursday's BoE MPA; 1.3949 high

  • BoE set out plans to wean the UK economy off stimulus nL1N2PC0KK

  • 1.3949 was eight pips shy of Wednesday's pre-hawkish Clarida high

  • Big July NFP miss/beat at 1230GMT could hurt/boost the USD; 870k f/c

  • 1.3872 (Thursday's low) and 1.3845 are GBP/USD support points below 1.39

  • New UK COVID cases above 30k for first time in 7 days Thursday nS8N2NF03Q

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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