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Jan 08 - 03:55 AM

GBP/USD - Holds Below 1.25 After Drop On Solid US Data

By Robert Howard  —  Jan 08 - 02:26 AM

• Cable holds sub-1.25 after drop through figure on solid US data Tuesday

• 1.2473-1.2493 = Wednesday range-to-date. 1.2575 was Tuesday top, pre-US data

• Support points below 1.2473 include 1.2460 and 1.2434 (last Friday's high)

• 1.2460 was low after Trump rebuffed Monday's WaPo report about US tariffs

• US ADP jobs report due 1315 GMT; 140k f/c. Jobless claims 1330 GMT; 218k f/c

• BoE's Breeden to speak about UK inflation, monetary policy outlook Thursday

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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