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Jun 14 - 03:55 AM

GBP/USD - Back Below 1.22 After Fleeting Gain On UK Data

By Rob Howard  —  Jun 14 - 02:45 AM
  • 1.2170 is low water-mark for cable since it hit 1.2210 after UK jobs data

  • UK employment +177k vs +105k f/c. Jobless rate 3.8% vs 3.6% f/c nL8N2Y116C

  • 1.2210 = highest level since Monday's 25-month low of 1.2109

  • Drop to 1.2109 fuelled by safe-haven demand for USD amid risk aversion

  • See: nL1N2Y00QP. 89% chance of 75 bps Fed hike Wednesday FEDWATCH

  • UK: No reason EU should react negatively to NI law nS8N2WC06VnL1N2Y00BF

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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