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Oct 04 - 12:12 PM
GBP/USD - Awaits Pre-Weekend Guidance From U.S. Jobs Report
First appeared on eFXplus on Oct 04 - 06:40 AM
  • GBP/USD traded a modest 25 pip range through the European am, 1.2327-1.2352

  • Calm precedes possible storm after U.S. jobs report at 1230GMT, NFP f/c 145k

  • See: nL2N26N1D0. Big NFP miss could hurt USD and inflate cable to 1.2400

  • NFP miss would also increase probability of Oct 30 Fed rate cut nL2N26O10C

  • In contrast, NFP beat might depress GBP/USD towards 1.2266 (Thursday's low)

  • 1.2413 was Thursday's one-week high after sub-f/c U.S. data nL2N26P063

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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