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Nov 03 - 05:55 AM

GBP/USD - Above 1.22 Before UK Final Services PMI, US Data

By Rob Howard  —  Nov 03 - 03:40 AM
  • Cable rises to 1.2213 before UK Oct final services PMI at 0930 GMT; 49.2 f/c

  • 1.2225 was Thursday's high, after BoE's relatively hawkish hold nL8N3C2777

  • Subsequent retreat based at 1.2167 (3.5 pips shy of Wednesday's high)

  • BoE's Pill to speak at 1215 GMT, before US employment report at 1230 GMT

  • Oct NFP f/c 180k. GBP/USD might extend north towards 1.2288 on NFP miss

  • 1.2288 was last week's high. US Oct ISM services PMI at 1400 GMT; 53 f/c

Source:
Refinitiv IFR Research/Market Commentary

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