GBP treads water above 1.3450

British Pound treads water above 1.3450 with markets awaiting US employment figuresThe British Pound (GBP) holds marginal losses against the US Dollar (USD) on Thursday, trading at 1.3460 at the time of writing, down from Wednesday's highs at 1.3486. This leaves the GBP/USD pair hovering within a 100-pip range, with bulls capped below 1.3500 while a weak US Dollar keeps…

Naira holds steady at N1,837/£1 as Dollar squeezes British Pound

British Pounds Sterling traded at N1,837/£1 against the naira in Nigeria’s foreign exchange market as the trading session kicked off Thursday. The British sterling was exchanged within the band of N1,813/£1 and N1,862/£1 this month. Short-term fluctuations centred on a reference of N1,840/£1 remain likely as an anchor. However, Unquenched Nigerian FX demand for Pounds remains strong given the rise…

Euro edges down, while US NFP takes centre stage

The Euro (EUR) trades marginally lower at around 1.1545 against the US Dollar (USD) during the European trading session on Friday. The major currency pair edges down as the US Dollar ticks up, while investors shift their focus to the United States (US) Nonfarm Payrolls (NFP) data release on Friday.At press time, the US Dollar Index (DXY), which gauges the…

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