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TDUX
Jun 05 - 08:55 AM

GBP/USD - Respects May 29 High Before NFP Data

By Robert Howard  —  Jun 05 - 07:21 AM

• Cable meets headwind pre-1.3485 after extending north from 1.3419 (Asia low)

• 1.3485 was May 29 high. 1.3483 was one-week high during the London morning

• More offers likely around 1.35 (GBP/USD was last at 1.35 on May 26)

• U.S. jobs report due at 1230 GMT: May NFP forecast at 85k; jobless rate f/c 4.3%

• UK firms plan smaller price rises than in April, BoE's DMP survey shows

• BoE rate hold expected on June 18. UK by-election in Makerfield on June 18 too

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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