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Jul 03 - 07:55 AM

GBP/USD - Holds Below Pre-UK PMQs Low Before US NFP Data

By Robert Howard  —  Jul 03 - 05:48 AM

• 1.3676 is high water-mark for cable since Wednesday's one-week low of 1.3563

• Drop to 1.3563 fuelled by spike in gilt yields on Reeves tears at UK PMQs

• 1.3690 was low before PMQs on Wednesday (1.3787 was 45-month high Tuesday)

• Gilt yields lower Thursday. U.S. employment report due at 1230 GMT

• June NFP forecast at 110k (Reuters poll); jobless rate forecast at 4.3%

• House Republicans advance Trump's tax-cut bill to a final vote

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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