And thus the pound jumps
GBPUSD up to a high of 1.3256, EURGBP to a low of 0.8777.
Nothing more than the headline comment and so we should be prepared for a “but” comment just around the corner. At the moment, it looks like GBP traders are going to take every opportunity to buy the quid on good news, and especially into a potential hike by the BOE on Thursday. We could be setting up for a huge “buy the rumour, sell the fact” trade.
- Here’s how the ForexFlow traders get ready to trade today’s US NFP - July 2, 2020
- Risk aversion, not panic, in face of uncertainty – 4X Global Research - July 2, 2020
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