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Jul 19 - 07:55 AM

GBP/USD - Eyes Monday's High After UK Jobs Data, ECB Steer

By Rob Howard  —  Jul 19 - 05:50 AM
  • Cable reaches 1.2025 after strong UK employment data and hawkish ECB steer

  • See: nL8N2Z016UnL8N2Z01UW. 1.2025 is 7 pips shy of Monday's 1-week high

  • EUR/GBP up to 0.8530, its highest level since July 7 nL1N2Z00IO

  • 1.2055 and 1.21 are GBP/USD resistance levels beyond 1.2034 (July 11 high)

  • Result of 4th round of Tory leadership contest due at 1400 GMT nL1N2YZ0RB

  • BoE Governor Bailey's Mansion House speech 1745 GMT, pre-CPI data Wednesday

Source:
Refinitiv IFR Research/Market Commentary

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