Pound Sterling Price News and Forecast: GBP/USD is expected to drag towards 1.1100 [Video]
|GBP/USD declines towards 1.1100 on hawkish Fed bets, US NFP in focus
The GBP/USD pair has delivered a downside break of the consolidation formed in a narrow range of 1.1145-1.1173 in the Tokyo session. The cable is hovering around Thursday’s low at 1.1112 and is expected to decline toward the round-level cushion of 111.00.
GBP/USD and Gold price falls ahead of Friday’s NFP report
GBPUSD fell for a second consecutive session on Thursday, as markets geared up for tomorrow’s non-farm payrolls (NFP) report.
Ahead of the release, markets have forecasted that September's payrolls will come in at 250,000 jobs.
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