Pound Sterling Price News and Forecast: GBP/USD plummets on surprisingly upbeat US job demand

FXStreet Team FXStreet

Pound Sterling plummets on surprisingly upbeat US job demand

The Pound Sterling (GBP) plunges to near 1.2200 against the US Dollar (USD) in Friday’s New York session, the lowest level in 14 months. The GBP/USD pair faces intense selling pressure as the US Dollar rallies after the release of the United States (US) Nonfarm Payrolls (NFP) data, which showed that labor demand surprisingly remained robust in December. Read More...

GBP/USD remains subdued near 1.2300, 14-month lows, US NFP eyed

GBP/USD remains subdued for the fourth successive day, trading around 1.2300 during the Asian session on Friday. The GBP/USD pair dropped to 1.2238 on Thursday, marking its lowest level since November 2023, as the Pound Sterling (GBP) struggled under mounting concerns about the United Kingdom’s (UK) fiscal and inflation outlook, which weighed heavily on investor sentiment. Read More...

GBP/USD taps new 14-month low as NFP watch begins

GBP/USD tapped a fresh 14-month low on Thursday as the Pound Sterling rolls over further against the Greenback. Holiday-thinned markets are keeping one foot firmly in the safe haven US Dollar as investors await a fresh round of US Nonfarm Payrolls (NFP) data on Friday. Read More...

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