By Rob Howard — Oct 24 - 02:35 AM
Cable rises to 1.2279, highest level since Oct 12, following UK jobs data
ILO jobless rate 4.2% vs 4.3% f/c; employment down 82k vs minus 198k f/c
1.2279 is 76.4% Fibo of 1.2337 (Oct 11 high) to 1.2093 (Oct 19 low)
1.2273 was Asia high (pre-UK jobs data). 1.2145-1.2258 was Monday's range
Monday's rise to 1.2258 was spurred by 10-year UST yield's retreat from 5%
UK Oct flash PMIs due 0830 GMT; services PMI forecast at 49.3 (Reuters poll)
Source:
Refinitiv IFR Research/Market Commentary