Intraday Market Thoughts

USD shrugs NFP, GBP fears referenda

by Ashraf Laidi
May 8, 2015 16:31

The US April jobs report encapsulated the ongoing divergence between sustainable employment trend and inadequate wage growth. Reaction in USD and yields further reduces the probability of a summer Fed hike. Sterling loses a 1/3 of its post-election rally as the questions of EU Referendum and SNP's expansion cast a shadow over the future of Britain's Union and UK's role in the European Union. Full charts & analysis

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USD shrugs NFP, GBP fears referenda - Gbp Vola Decline (Chart 1)


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