By Rob Howard — May 06 - 05:30 AM
Cable ran into resistance just shy of 1.2360 after rallying off 1.2276
1.2360 was July 2020 low. 1.2276 was 23-month low in early London trade
See: nL2N2WY0E1. Rally from 1.2276 aided by profit-taking on shorts
1.2520 was Thursday's Ldn am low -- before GBP slumped on BoE guidance
See: nL2N2WX0QG. GBP/USD was above 1.30 a fortnight ago (April 22)
U.S. employment data due at 1230 GMT; April NFP f/c 391k nL2N2WX261
GBPUSD Click here
Source:
Refinitiv IFR Research/Market Commentary