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TDUX
Jul 02 - 03:55 AM

GBP/USD - Climbs To Two-Week Peak; NFP Data Awaited

By Robert Howard  —  Jul 02 - 02:33 AM

• Cable rises to 1.3298 on further buying of the pound; EUR/GBP down to 0.8565

• 1.3298 is two-week high for GBP/USD; 0.8565 is one-year low for EUR/GBP

• Cable high on Wednesday was 1.3292, when the EUR/GBP low was 0.8567

• On Wednesday, Bailey said BoE interest rate cuts are not back on the table

• U.S. jobs data due at 1230 GMT: June NFP forecast at 110k; jobless rate f/c 4.3%

• South Korea's currency chief says in talks with Japan, U.S. on FX issues

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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