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Mar 07 - 02:55 AM

GBP/USD - Near Four-Month High Before U.S. Jobs Report

By Robert Howard  —  Mar 07 - 02:29 AM

• Cable respects Thursday's 1.2866-1.2924 range pre-U.S. NFP data at 1330 GMT

• 1.2924 is highest level since Nov 11. Feb NFP f/c 160k; jobless rate f/c 4%

• NFP miss could raise risk of Fed May rate cut, inflate GBP/USD towards 1.30

• Cable was last at 1.30 on Nov 7 (U.S. presidential election was on Nov 5)

• Trump suspends Mexico, Canada tariffs (the exemptions expire on April 2)

• CFTC data at 2030 GMT will show if net GBP long rose in week ended March 4

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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