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Jun 04 - 04:55 AM

GBP/USD - Hugs 1.28 Ahead Of US JOLTS Report

By Rob Howard  —  Jun 04 - 03:20 AM
  • 1.2795 is cable low water-mark since it hit 1.2818 (12-week high) in Asia

  • Rise to 1.2818 fuelled by soft US data Monday, including ISM mfg index miss

  • 1.2694 was Monday's low. US JOLTS report due at 1400 GMT; 8.355M forecast

  • JOLTS miss would be another boost for doves advocating Fed rate cut by Sept

  • In blow to Tory PM Sunak, Brexit champion Farage to stand in UK election

  • Opinion polls suggest Labour will win huge parliamentary majority on July 4

Source:
Refinitiv IFR Research/Market Commentary

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