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Thomson Reuters
Feb 01 - 08:36 AM
GBP/USD - Bids Around 200DMA Base GBP/USD Drop After UK Mfg PMI Miss
First appeared on eFXplus on Feb 01 - 05:45 AM
  • Bids circa 1.3045 based cable at a 1-week low after UK mfg PMI miss hurt GBP
  • See: nL1N1ZW08E nS8N1XG06V. 1.3045 is the 200-day moving average
  • Bids around the 200DMA also based GBP/USD losses on Tuesday and Wednesday
  • Focus now shifts to the US jobs report at 1330GMT nL1N1ZV1N6 nL1N1ZW01W
  • Probability of clear break below 200DMA will increase if NFP above 165k f/c
  • EUR/GBP up to 0.8793, highest level since Jan 22, on sub-f/c UK mfg PMI

GBPUSD: Click here

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