By Rob Howard — May 05 - 06:45 AM
Cable elicited support at 1.2600 after retreating from 1.2633 (48-week high)
1.2600 is a former resistance level (1.2599 was Thursday's high)
U.S. Apr jobs report due at 1230 GMT. NFP f/c 180k; AHE f/c 4.3% YY
NFP miss might further inflate GBP/USD towards 1.2666 (May 2022 high)
1.2550 (Thursday's low) and 1.2539 are support points below 1.2600
UK Apr construction PMI 51.1 vs 51.0 f/c. BoE 25 bps hike expected next week
Source:
Refinitiv IFR Research/Market Commentary