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Apr 20 - 04:55 AM

GBP/USD - Pivots 1.40 As UK Jobless Rate Unexpectedly Falls

By Rob Howard  —  Apr 20 - 02:40 AM
  • 1.3988-1.4006 marks cable's range since 0600GMT release of UK jobs data

  • Employment -73k vs -150k f/c, jobless rate 4.9% vs 5.1% f/c nL8N2MD17C

  • 1.4009 was Asian session top (highest level since March 4 high of 1.4017)

  • GBP was the best performing major currency on Friday and Monday

  • News of possible "Britcoin" is source of support for GBP nL8N2MC1MD

  • More GBP/USD stops mooted above 1.4025 (1.4021 was Feb 26 high)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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