Pound Sterling Price News and Forecast: GBP/USD holds to earlier gains near 1.2450 post US jobs data

FXStreet Team FXStreet

GBP/USD holds to earlier gains near 1.2450 post US jobs data

The Pound Sterling registered gains versus the US Dollar on Friday following a softer-than-expected US Nonfarm Payrolls report. The GBP/USD seesawed within a 1.2418 – 1.2491 range and traded at 1.2451, up 0.15%. Read More...

Pound Sterling gives up gains against USD after US NFP release

The Pound Sterling (GBP) surrenders its entire intraday gains against the US Dollar (USD) falls back to near 1.2400 in Friday’s North American session after the release of the United States (US) Nonfarm Payrolls (NFP) data for January. The US NFP report showed that the economy added 143K workers in January, significantly lower than estimates of 170K and the former release of 307K, upwardly revised from 256K. The Unemployment Rate decelerates to 4% from the estimates and the prior reading of 4.1%. Read More...

GBP/USD trades with negative bias around 1.2425 area, US NFP report awaited

The GBP/USD pair struggles to capitalize on the overnight bounce from a multi-day low and trades with a mild negative bias, around the 1.2425 area during the Asian session on Friday. This marks the second straight day of a downtick, though it lacks follow-through as traders seem reluctant to place aggressive bets and opt to wait for the release of the US monthly jobs data. Read More...

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