ADP Points To Volatile NFP, Sterling Gains
All this and more is available on our video blog The September volatility continued yesterday with FX markets whipsawing violently throughout the session. GBP was one of the main winners surprisingly and managed to break above the 1.14 handle against the EUR (0.8758 in EUR/GBP terms) whilst breaking back into the 1.62 - 1.66 range against the USD. Data yesterday was once again mixed. UK construction PMI was higher at 47.7 but missed the market consensus view of 48. The more important services
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