A post by @FirstSquawk on X.
Sterling Moves Higher Past 1.3350 Even as US Jobs Data Beats Expectations - FX
@FirstSquawk on X
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Sterling climbed past 1.3350 against the dollar on Friday even after U.S. employment data came in stronger than forecast, an unusual pairing that suggests the move was driven by flows or positioning rather than the headline surprise. The pound's advance defied the typical pattern in which a hot U.S. jobs print lifts the dollar, and the breach of the 1.3350 level marks a fresh high for the currency pair. The reaction points to underlying demand for sterling that outweighed the rate implications of the data. Traders will watch whether the pair holds above 1.3350 and whether subsequent U.S. data or Bank of England commentary sustains the move.
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Named in this story
Sterling, US jobs data