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TDUX
Jun 05 - 11:55 AM

GBP/USD - Falls To One-Week Low On Strong US Jobs Data

By Robert Howard  —  Jun 05 - 09:46 AM

• Cable drops to 1.3395 as strong U.S. employment data boosts dollar

• 1.3395 is the lowest level since May 28 (1.3368 was the low that day)

• Strong U.S. jobs data is boost for hawks advocating Fed hike in Q3/Q4

• First Fed meeting to be chaired by Warsh scheduled for June 16-17

• 1.3483 was one-week high for GBP/USD during the London morning

• Scottish government to sound out investors for debut 'kilts' bond sale

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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