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TDUX
Sep 04 - 04:55 AM

GBP/USD - On 1.35 Handle Before US Jobs Report

By Robert Howard  —  Sep 04 - 02:48 AM

• Cable has traded a 21.5 pip range thus far Friday; 1.3523-1.35445

• 1.3548 was Thursday top after dovish Waller guidance weighed on dollar

• Markets currently see Fed rate decision on Sept 16 as coin toss for hold/hike

• U.S. jobs report due at 1230 GMT; August NFP f/c at 56k; jobless rate f/c 4.1%

• Soft U.S. employment data might inflate GBP/USD towards 1.36

• 1.3475 was three-week low on Wednesday, which a Fibo level helped define

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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