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Jan 04 - 03:55 AM

GBP/USD - Climbs Towards 1.27 As Risk Appetite Rises

By Rob Howard  —  Jan 04 - 02:30 AM
  • GBP/USD ascends to 1.2687 as pound benefits from rise in risk appetite

  • European/US stock futures are positive (after Tuesday-Wednesday down days)

  • 1.2700 (ex-support point) is a cable resistance level (1.2702 = Dec 29 low)

  • UK Dec final services PMI due at 0930 GMT; 52.7 f/c (as per flash estimate)

  • US ADP jobs report due 1315 GMT; 115k f/c. Jobless claims 1330 GMT; 216k f/c

  • Trump takes Colorado ballot disqualification to Supreme Court nL1N3DT0HE

Source:
Refinitiv IFR Research/Market Commentary

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