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