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Feb 03 - 07:55 AM

GBP/USD - Lifted By UK Services PMI Upward Revision Pre-NFP

By Rob Howard  —  Feb 03 - 06:10 AM
  • Cable tests 1.2264 (Jan 24 low) after pushing recovery envelope from 1.2185

  • Rise to 1.2264 spurred by UK Jan services PMI upward revision to 48.7

  • 1.2185 was two-and-a-half week low on dovish steer from BoE's Pill

  • Resistance levels beyond 1.2264 include 1.2275 (Wednesday's low) and 1.23

  • U.S. Jan jobs report due 1330 GMT; NFP f/c 185k, jobless rate f/c 3.6%

  • AHE f/c 4.3% YY nL1N34I2CA. U.S. ISM services index due 1500 GMT; 50.4 f/c

Source:
Refinitiv IFR Research/Market Commentary

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