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Feb 05 - 05:00 AM

GBP/USD - Holds Above 1.30 Before UK Final Jan Service PMI

By Rob Howard  —  Feb 05 - 03:10 AM
  • Cable has traded above 1.30 since vaulting level on UK construction PMI beat

  • 1.3046 was Tuesday's high, pip shy of Monday's Ldn am low nL1N2A40JU

  • UK final Jan service PMI due at 0930GMT, 52.9 f/c as per flash estimate

  • Upward revision could further inflate cable towards 1.31 (ex-support level)

  • GBP/USD slid through 1.31 Monday, courtesy of UK-EU Brexit trade deal clash

  • Rtrs poll-GBP to gain on hopes for UK-EU trade deal by year-end nL8N2A42UP

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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