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Oct 04 - 08:55 AM

GBP/USD - Awaits NFP Data After Pepping Up On Pill

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

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