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Thomson Reuters
Jul 06 - 08:36 AM
GBP/USD - Could Drop To 1.3172 If U.S. AHE Beats Forecast
First appeared on eFXplus on Jul 06 - 06:15 AM
  • Cable could drop to/through 1.3172 if US AHE come in above the 2.8% forecast
  • 2.8% is the high point for annualized earnings since June 2009 nL1N1U2052
  • 1.3172 was Wednesday's low--before GBP rose on UK service sector PMI beat
  • Bids ahead of 1.3200 propped GBP/USD Thursday and in Asia (1.3204 lows)
  • 1.3252 (European am high), 1.3275 and 1.3300 are cable resistance levels
  • US data due 1230GMT, NFP f/c 195k. UK cabinet meeting on Brexit nL8N1U216D

US data: Click here

Source:
Thomson Reuters IFR Markets

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