Pound Sterling Price News and Forecast: GBP outperforms its peers amid risk-on mood

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Pound Sterling outperforms its peers amid risk-on mood, US NFP in focus

The Pound Sterling (GBP) trades higher against its major currency peers, is up 0.43% around 1.3610 against the US Dollar (USD), during the European trading session on Friday. The British currency outperforms as demand for risk-sensitive assets remains upbeat amid hopes of a diplomatic solution between the United States (US) and Iran.

As of writing, S&P 500 futures are 0.55% higher to near 7,375, reflecting a strong demand for riskier assets ahead of the United States (US) Nonfarm Payrolls (NFP) data for April release at 12:30 GMT. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.3% lower to near 97.95. Read more...

GBP/USD Price Forecast: Needs to stabilize above 1.3600 for fresh rally

The GBP/USD pair trades 0.25% higher to near 1.3590 during the European trading session on Friday. The Cable reflects strength as the Pound Sterling (GBP) outperforms its major currency peers, except antipodeans, amid a revived risk-on rally.

As of writing, S&P 500 futures are 0.3% higher to near 7,360, exhibiting firm demand for riskier assets. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.16% lower to near 98.10. The DXY falls back after a recovery move on Thursday. Read more...

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