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Nov 15 - 03:55 AM

GBP/USD - Up To Test Monday's High As Dollar Swoons

By Rob Howard  —  Nov 15 - 02:50 AM
  • Cable rises to test 1.1829 (Monday's high) as USD takes across-the-board hit

  • 1.1796 was high just before UK employment and earnings data at 0700 GMT

  • UK jobless rate 3.6% vs 3.5% f/c; earnings up 6.0% vs 5.9% f/c nL8N32B1P4

  • Global equity gains are helping weigh on the safe-haven dollar nL4N32B1KD

  • 1.1855 (Friday's 11-week peak) and 1.19 are resistance levels beyond 1.1829

  • UK's Hunt: Getting debt falling only way to reduce inflation nS8N30X0I0

Source:
Refinitiv IFR Research/Market Commentary

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