GBP/USD falls to new four-day lows on a soft US jobs report as the US Dollar climbs
GBP/USD tumbles on a worse-than-expected US Nonfarm Payrolls report, with the US economy adding fewer jobs than analysts’ consensus. However, the initial reaction favored the US Dollar (USD). At the time of writing, the GBP/USD trades volatile around the 1.2450-1.2370 range, below its opening price. Read More…
GBP/USD clings to mild gains around mid-1.2400s amid BoE vs. Fed talks ahead of US NFP
GBP/USD seesaws around 1.2155-60 while printing the first daily gains in three amid early Good Friday morning in London. In doing so, the Cable pair cheers hawkish hopes from the Bank of England (BoE) while also portraying the cautious mood ahead of the key US Nonfarm Payrolls (NFP). Read More…
GBP/USD Price Analysis: Retreats towards 1.2400 within bullish channel as US NFP looms
GBP/USD drops to 1.2430 as it extends the two-day downtrend to a sluggish Asian session on Good Friday. In doing so, the Cable pair pares the weekly losses, the fourth consecutive one, while easing from the top line of a one-month-old ascending trend channel. Read More…
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