By Robert Howard — Feb 07 - 02:30 AM
• Cable trades on 1.24 handle after profit-take flow-assisted lift from 1.2361
• 1.2361 was low after GBP fell on two MPC votes for 50 bps rate cut Thursday
• Ensuing high 1.2456, during NY afternoon (1.2550 was 4-week high Wednesday)
• US jobs report due at 1330 GMT: Jan NFP f/c at 170k; jobless rate f/c 4.1%
• NFP beat could lessen risk of Fed rate cut before summer, and inflate dollar
• Bessent says strong USD policy remains intact under Trump,
Bloomberg
reports
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters