GBP/USD: UK Politics, Brexit probe bulls near 1.3600, US employment data eyed By anilpanchal7 GBPUSD Brexit Politics NFP BOE
Having witnessed a stellar show of the Bank of England’s rate hike, GBP/USD bulls face challenges from the UK politics and Brexit concerns as markets prepare for the monthly US jobs report. Also challenging the cable pair buyers is the bumpy technical road to the north.
It’s worth noting that UK Chancellor Rishi Sunak was cited as rebuking PM Johnson due to his claims that Labour Party Leader Sir Keir Starmer was responsible for not prosecuting the pedophile Jimmy Savile. In the US, ISM Services PMI for January and Q4 Nonfarm Productivity came in strong but Factory Orders for December and Q4 Unit Labor Costs weakened the previous day. Following the data, Richmond Federal Reserve President Thomas Barkin said, “The US Federal Reserve needs to begin raising interest rates but it is too soon to say how far or fast that process will need to go to bring inflation under control.
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