By Robert Howard — Feb 05 - 02:38 AM
• Cable hits 1.2507 after extending north from 1.2249 (Monday's two-week low)
• 1.2507 is highest level since Jan 27 (1.2523 was three-week peak that day)
• 55-day moving average at 1.2510; GBP/USD hasn't closed above it since Oct 9
• 1.2492 was Tuesday's high, after 556k fall in U.S. Dec job openings hurt USD
• UK Jan final services PMI due 0930 GMT; 51.2 forecast, as per flash estimate
• BoE set to cut rates Thursday. Zero to hero? UK narrative switches
yet
again
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters