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Nov 10 - 04:55 AM

GBP/USD - Holds Below 1.32 After UK Layoffs Hit Record High

By Rob Howard  —  Nov 10 - 02:35 AM
  • Cable eases to 1.3177 from 1.3195 high following UK jobs and earnings data

  • UK layoffs hit record high in Q3 nL8N2HW1VI. Earnings +1.3% vs +1.0% f/c

  • See: nS8N2HE003. 1.3195 = three pips shy of Asian session top

  • 1.3207 was Monday's nine-week high after Pfizer vaccine news nL1N2HV0TR

  • 1.3119 = ensuing low, as USD benefitted from soaring UST yields nL1N2HV1RU

  • UK PM Johnson defeated in Lords on treaty-breaking Brexit laws nL8N2HV6IF

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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