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Sep 05 - 07:55 AM

GBP/USD - Up To Eye September High Before US Data

By Rob Howard  —  Sep 05 - 05:50 AM
  • Cable rises to eye 1.3175 pre-US data, starting with ADP report at 1215 GMT

  • 145k f/c. Claims 1230 GMT; 230k f/c. ISM services index 1400 GMT, 51.1 f/c

  • 1.3175 was Wednesday's Sept high, after USD fell on sub-forecast JOLTS data

  • Resistance levels beyond 1.3175 include 1.3200 (Aug 30 high) and 1.3269

  • UK firms expect selling price pressure to cool but not wages, survey shows

  • UK construction PMI 53.6 vs 54.9 f/c. 1.3088 marks Sept low for GBP/USD

Source:
Refinitiv IFR Research/Market Commentary

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