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Sep 06 - 03:55 AM

GBP/USD - Eyes September High Before US Jobs Report

By Rob Howard  —  Sep 06 - 02:40 AM
  • Cable has traded an 11 pip range thus far Friday; 1.3172-1.3183

  • 1.3183 is 2.5 pips shy of Thursday's September high (1.3088 = Sept low)

  • US jobs report due at 1230 GMT: NFP f/c 160k; jobless rate forecast at 4.2%

  • GBP/USD might jump towards 1.3269 if US jobless rate is higher than expected

  • 1.3269 was 29-month high last week (Aug 27). 1.3200 was Aug 30 high

  • Yellen says US labor market healthy despite slower hiring pace nL1N3KN12I

Source:
Refinitiv IFR Research/Market Commentary

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