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Apr 12 - 03:55 AM

GBP/USD - Drops Towards 1.30 After UK Employment Data

By Rob Howard  —  Apr 12 - 02:45 AM
  • Cable falls to 1.3003 after UK jobs data: Feb employment +10k vs +50k f/c

  • March payrolls +35k. Feb ILO jobless rate 3.8%, as expected nL5N2WA11T

  • 1.3003 = intra-day low. 1.2990 was Monday's low, on UK GDP miss nL5N2W90Y3

  • 1.2983 was Friday's 17-month low. Fed expectations support USD nL2N2W91IJ

  • All options on table if Russia uses chemical weapons in Ukraine-UK minister

  • See: nS8N2UZ067. GBP/USD was above 1.35 before Russia invaded Ukraine

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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