By Rob Howard — Oct 04 - 04:45 AM
Cable pushes recovery envelope from 1.2039 to 1.2103 after UK data revision
UK Sept services PMI revised up to 49.3 vs 47.2 flash estimate
1.2039 was 29-week low at 0703 GMT, as higher UST yields lifted dollar
Offers around 1.2100 (former support point) capped GBP/USD on Tuesday
US ADP jobs data due 1215 GMT; 153k f/c. ISM services PMI 1400 GMT; 53.6 f/c
UK PM Sunak to address annual Tory Party conference in Manchester today
Source:
Refinitiv IFR Research/Market Commentary