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...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD nears 1.1500 on sudden US Dollar strength
EUR/USD came under selling pressure and approaches the 1.1500 mark in the American session on Tuesday. The US Dollar gains bullish traction despite discouraging United States data and the poor performance of Wall Street.
GBP/USD pierces 1.3500, struggles to retain the threshold
GBP/USD remains on the back foot and struggles to retain the 1.3500 level in the second half of the day on Tuesday. The risk-averse market atmosphere amid Middle East tensions helps the USD stay resilient against its peers, causing the pair to stretch lower.
Gold fluctuates below $3,400 as traders turn reluctant ahead of Fed
Gold continues to fluctuate in a relatively tight range below $3,400 in the American session on Friday. Traders remain reluctant to take large positions ahead of the Federal Reserve's policy decisions, while keeping a close eye on headlines surrounding the Iran-Israel conflict.
Bitcoin falls slightly as Trump calls security advisors to deal with Iran-Israel war
Bitcoin price declines slightly to around $106,000 on Tuesday following a mild recovery the previous day. Donald Trump leaves the G7 summit early to return to Washington and meet with his national security team.
Chinese data suggests economy on track to hit 2025 growth target
China's May data was mixed with strong retail sales, but soft readings on fixed-asset investment and property price. Overall, though, data suggests that China remains on track to achieve its growth target in the first half of 2025.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.