Pound Sterling surges against USD despite upbeat US Nonfarm Payrolls
The Pound Sterling (GBP) advances above 1.2800 against the US Dollar (USD) in North American trading hours on Friday. The GBP/USD jumps higher as the US Dollar declines even though the United States (US) Nonfarm Payrolls (NFP) data for November came in better than expected. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, slumps below 105.50. Read More...
GBP/USD rallies on rate cut hopes, NFP Friday in the barrel
GBP/USD climbed on Tuesday, bolstered by Bank of England (BoE) Governor Andrew Bailey tipping his hand and revealing a path forward to further rate cuts in 2025. Broad-market investor sentiment remains on the high side, although a fresh round of key US Nonfarm Payrolls (NFM) jobs figures are looming just ahead on Friday. Read More...
GBP/USD eases from multi-week high, trades with negative bias below mid-1.2700s
The GBP/USD pair oscillates in a range below mid-1.2700s during the Asian session on Friday and consolidates its recent gains registered over the past three days, to over a three-week high touched the previous day. Traders now seem reluctant to place aggressive bets and opt to wait for the release of the crucial US monthly employment details later today. Read More...
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GBP/USD climbs to daily highs around 1.3480
After bottoming out in multi-week lows near 1.3370, GBP/USD now picks up pace and gains around a cent to hit new daily peaks around 1.3480 in response to fresh selling pressure hitting the Greenback. The knee-jerk in the US Dollar comes despite steady fears on the Iran-Israel-US front and firm results from preliminary US PMIs for the month of June. On the UK docket, all the attention remains on upcoming flash Manufacturing and Services PMIs.
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