GBP/USD struggles at 1.2800 and tumbles toward 1.2720s post-NFP
The post GBP/USD struggles at 1.2800 and tumbles toward 1.2720s post-NFP appeared on BitcoinEthereumNews.com.
GBP/USD Price Analysis: Struggles at 1.2800 and tumbles toward 1.2720s post-NFP The British Pound plunged against the US Dollar after the US Bureau of Labor Statistics (BLS) revealed the US jobs market remains hotter than expected, exceeding the consensus estimates, boosting the Greenback. Therefore, the pair tumbled near the week’s lows, with the GBP/USD trading at 1.2722, down 0.53%, at the time of writing. Read More… Pound Sterling weakens against US Dollar after upbeat US NFP report The Pound Sterling (GBP) falls vertically from 1.2800 against the US Dollar (USD) in Friday’s New York session. The GBP/USD weakens as the United States (US) Nonfarm Payrolls (NFP) report for May showed that labor market conditions remain tight even though the Federal Reserve (Fed) is maintaining a restrictive monetary policy framework for a longer period. Read More… GBP/USD extends upside near 1.2800 ahead of US NFP data The GBP/USD pair trades in positive territory for the third consecutive day around 1.2795 during the early Asian session on Friday. In the absence of key UK economic data releases, the GBP/USD pair will be influenced by the USD. All eyes will be on the US Nonfarm Payrolls (NFP) data for May, which is due later on Friday. Read More… Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-struggles-at-12800-and-tumbles-toward-12720s-post-nfp-202406071446
Filed under: News - @ June 8, 2024 7:24 am