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Jul 02 - 04:55 AM

GBP/USD - Eyes 11-Week Low After Labour's By-Election Win

By Rob Howard  —  Jul 02 - 02:46 AM
  • Cable eyes 1.3752 following Labour's UK by-election hold in Batley and Spen

  • See: nL2N2OE06L. PM Johnson's Tories were expected to win seat from Labour

  • 1.3752 was fractionally fresh 11-week low in Asia. 1.3753 was Thursday's low

  • Drop to 1.3753 was spurred by BoE Bailey's dovish Mansion House speech

  • See: nL5N2OD26P. Dollar builds another head of steam nL5N2OD5HR

  • U.S. employment report due 1230GMT, June NFP f/c 700k nL2N2OD2KK

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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