By Rob Howard — Oct 04 - 07:15 AM
Cable rises to 1.3174 on relatively hawkish guidance from BoE's Pill
Pill urges caution on BoE rate cuts after Bailey suggested faster pace
1.3174 is around 23.6% Fibo of 1.3434 (last week's 30-month high) to 1.3093
1.3093 was Thursday's three-week low (after 1.5 cent fall on dovish Bailey)
UK construction PMI 57.2 vs 53.3 f/c. US Sept jobs report due at 1230 GMT
NFP f/c 140k (Reuters poll); jobless rate f/c 4.2%. NFP beat might boost USD
Source:
Refinitiv IFR Research/Market Commentary