Pound Sterling Price News and Forecast: GBP/USD climbs above 1.2900 following US NFP data

FXStreet Team FXStreet

GBP/USD climbs above 1.2900 following US NFP data

The Pound Sterling (GBP) registered solid gains versus the US Dollar (USD) in early trading on Friday during the North American session, even though the latest jobs report in the United States (US) depicts the economy remains solid. Nevertheless, fears of a recession in the US keep the Greenback on the back foot, and GBP/USD is trading at 1.2920, up over 0.30%. Read More...

Pound Sterling outperforms US Dollar as US NFP, wage growth miss estimates

The Pound Sterling (GBP) refreshes an almost four-month high near 1.2940 against the US Dollar (USD) in the North American trading session on Friday. The GBP/USD pair strengthens as the US Dollar slides further after the United States (US) labor market data for February misses estimates. The Nonfarm Payrolls (NFP) report showed the economy added 151K fresh workers, slightly lower than estimates of 160k but higher than 125k recorded in January, revised down from 143K. The Unemployment Rate came in higher at 4.1%, compared to expectations and the former release of 4%. Read More...

GBP/USD steadies around 1.2900 as traders adopt caution ahead of US Nonfarm Payrolls

GBP/USD holds little gains after registering losses in the previous session, trading around 1.2880 during the Asian hours on Friday. The pair steadies as traders adopt caution ahead of the US Nonfarm Payrolls (NFP) report scheduled to be released later in the North American session. Read More...

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD falls toward 1.1700 on broad USD recovery

EUR/USD turns south and declines toward 1.1700 on Wednesday. The US Dollar gathers recovery momentum and forces the pair to stay on the back foor, as traders look to USD short-covering ahead of US inflation report on Thursday. However, the downside could be capped by hawkish ECB expectations.

GBP/USD trades deep in red below 1.3350 after soft UK inflation data

GBP/USD stays under strong selling pressure midweek and trades below 1.3350. The UK annual headline and core CPI rose by 3.2% each, missing estimates of 3.5% and 3.4%, respectively, reaffirming dovish BoE expectations and smashing the Pound Sterling across the board ahead of Thurday's BoE policy announcements.

Gold clings to moderate daily gains above $4,300

Following Tuesday's volatile action, Gold regains its traction on Wednesday and trades in positive territory above $4,300. While the buildup in the USD recovery momentum caps XAU/USD's upside, the cautious market stance helps the pair hold its ground.