- GBP/USD opened NYC 1.5830, whipped around 1.5791/1.5861 after nonfarm payrolls revealed a below f/c *214k number (f/c +231/235k) but +31k positive adjustments to previous 2 months.
- It was enough to trip the 1.5800 barrier but not sufficient to keep cable down.
- As leveraged accounts pared USD near the IMM close cable hit 1.5876 session highs, closed 1.5861.
- Earlier in the day cable had sold off after the larger than f/c GBP 9.8bn trade deficit (-9.4bn f/c)
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