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Dec 05 - 11:55 AM

GBP/USD - Scales Three-Week Peak On Higher US Claims Data

By Rob Howard  —  Dec 05 - 09:45 AM
  • Cable hits 1.2768 after extending north from 1.2630 (Wednesday's low)

  • 1.2768 is highest level since Nov 13 (1.2770 was high that day)

  • Dollar negatively impacted by higher than expected US jobless claims; 224k

  • Higher claims is boost for doves advocating Fed rate cut on Dec 18

  • US employment report due on Friday at 1330 GMT; Nov NFP forecast at 200k

  • 1.2740 (Ldn am high) is now a support point. 1.28 resistance beyond 1.2770

Source:
London Stock Exchange Group | Thomson Reuters

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