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GBP/USD Price Forecast: Rises toward 1.3100 post strong UK jobs report
The Pound Sterling recovered some ground and rose 0.18% on Tuesday against the US Dollar following a strong UK jobs report that pushed the unemployment rate lower, while the economy added over 373,000 jobs, crushing estimates of 250,000. At the time of writing, the GBP/USD trades at 1.3081 after bouncing off the daily low of 1.3035. Read More…
GBP/USD rebounds after strong UK employment data
GBP/USD rebounds into the 1.3080s on Tuesday as a strong UK labor market report strengthens the Pound Sterling (GBP).
The pair had weakened earlier as a result of continued US Dollar (USD) strength from reduced bets the US Federal Reserve (Fed) would need to be as aggressive at slashing interest rates as previously thought. Read More…
GBP/USD remains below 1.3050 following UK labor data
GBP/USD edges lower after registering gains in the previous two sessions, trading around 1.3040 during the Asian trading hours on Tuesday. The pair remains subdued following the mixed employment data release from the United Kingdom (UK). Read More…
