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