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Nov 06 - 08:55 AM

GBP/USD - Remains Above 1.31 Ahead Of U.S. Jobs Report

By Rob Howard  —  Nov 06 - 07:15 AM
  • Cable has traded a 53 pip range since the London open, 1.3103-1.3156

  • The peak of that range is four pips shy of the Asian session top

  • 1.3160 = highest level since Oct 21 (1.3177 was six-week peak that day)

  • U.S. political expectations are weighing on the USD nL1N2HS0DA

  • 1.3050 (Wednesday's Ldn/NY high) is a GBP/USD support point below 1.31

  • U.S. Oct jobs report due 1330GMT: NFP f/c 600k, jobless rate f/c 7.7%

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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