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Oct 06 - 03:55 AM

GBP/USD - Respects 1.22 Resistance Level Pre-US Jobs Report

By Rob Howard  —  Oct 06 - 02:40 AM
  • Cable holds below 1.22 before US employment report release at 1230 GMT

  • 1.2196 was Thursday's 3-day high after lift from 1.2108 post-US claims low

  • Ascent to 1.2196 was fuelled by some profit-taking on USD long positions

  • NFP forecast at 170k; miss could weigh on the dollar, beat could inflate it

  • Labour wins Rutherglen by-election with 20% swing from SNP nL1N3BC01X

  • UK Sept house prices down 4.7% YY, steepest drop since 2009 - Halifax

Source:
Refinitiv IFR Research/Market Commentary

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