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Sep 06 - 05:55 AM

GBP/USD - Cedes Some Of Friday's NFP Miss-Spurred Gains

By Rob Howard  —  Sep 06 - 03:41 AM
  • Cable eyes 1.3840 (Thursday's high) after retreating from 1.3890

  • 1.3890 was Friday's four-week peak, when USD fell on NFP miss nL1N2Q42I7

  • Friday's high was just shy of 76.4% Fibo of 1.3983 (July 30 high) to 1.3602

  • 1.3602 was Aug 20 low (before Powell's dovish taper lean at Jackson Hole)

  • IMM speculators remained net GBP short in week ended Aug 31 nL1N2Q525A

  • UK warns of 'cold mistrust' if EU does not move on NI trade nL1N2Q60AI

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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