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Jan 05 - 03:55 AM

GBP/USD - Below 1.27 Ahead Of US Employment Report

By Rob Howard  —  Jan 05 - 02:45 AM
  • Cable has traded a 30.5 pip range thus far Friday; 1.2665 = intra-day low

  • 1.2665 was also Thursday's low, after dollar rose following US jobs data

  • US employment report due 1330 GMT; Dec NFP forecast at 170k (Reuters poll)

  • NFP beat could prompt another hawkish shift in Fed expectations/buoy USD

  • 1.2728 was GBP/USD high on Thursday, after UK Dec services PMI revised up

  • UK Dec construction PMI due 0930 GMT; 46 f/c. UK house prices rise - Halifax

Source:
Refinitiv IFR Research/Market Commentary

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