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Feb 05 - 03:55 AM

GBP/USD - Holds Above 1.3650 Pre-U.S. NFP After Upbeat BoE

By Rob Howard  —  Feb 05 - 02:45 AM
  • Cable based a pip shy of 1.3650 after retreating from 1.3698 (post-BoE high)

  • 1.3650 approximates to Thursday's Asia high (before pre-BoE drop to 1.3566)

  • Jump to 1.3698 was aided by BoE's optimistic longer-term outlook, re: GDP

  • See: nL1N2KA0T6. Negative UK interest rate bets ebb nL8N2KA572

  • 1.3759 (last week's 32-month high) is a key resistance level above 1.3700

  • U.S. January employment report due 1330GMT, NFP f/c 50k nL1N2KA2N2

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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