Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 03 - 11:55 AM

GBP/USD - Scales New Six-Week Peak On ISM Services Index Miss

By Rob Howard  —  Nov 03 - 10:40 AM
  • Cable scaled new six-week peak of 1.2350 on US Oct ISM services index miss

  • 51.8 vs 53 f/c. 1.2312 = ensuing low, as US services survey details parsed

  • ISM new orders index jumped to 55.5; prices paid index 58.6 (sticky)

  • 1.2340 was pre-ISM data high, as lower UST yields on NFP miss hurt dollar

  • 1.2242 was pre-NFP high. Traders bet Fed to pivot to rate cuts by May

  • MPC hawk Haskel: UK's faulty labour market means rates must stay high

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!