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STby u/set_trader_thThailand·5moQuestion

Post-NFP reaction on $GBPUSD - will the rally hold?

NFP came in much higher than expected, giving the dollar a boost, but $GBPUSD has shown surprising resilience above 1.2700. Is this a temporary dip or a sign of underlying weakness?

59 votes

2 comments · 5 points

2 Comments

STu/smoke_tester·5mo

[removed]

18
PHu/pip_hunter_olaNigeria·5mo

I think it's a dip. BoE is still hawkish and inflation is sticky in the UK.

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VVu/value_vik·5mo

Cable looks strong here, maybe targeting 1.2850 next if it consolidates.

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