By Colm Gilhooly

Revised US GDP data yesterday was a little less robust than some analysts had hoped although the Dollar did strengthen against Sterling as a result.  However, initial  jobless claims rose by more than 50,000 more than expected in the US which will make Friday’s non farm payrolls data all the more interesting.  If the expectations here have also underestimated the number of jobs lost outside the agricultural sector, then Friday afternoon could see some Dollar weakness.  So as you can see, US jobs data is key to the short term Cable exchange rates.