GBP/USD trades flat despite soft US jobs data
TheBritish Pound(GBP) struggles for direction against the US Dollar (USD) on Friday, with GBP/USD consolidating after a short-lived spike following weaker-than-expected US labor market data. At the time of writing, the pair is trading around 1.3362, on course for a third straight weekly decline. Read More…
GBP/USD drifts lower heading into NFP range
GBP/USDedged lower by 0.2% on Thursday, settling close to 1.3350 in a strained trading session that kept the pair pinned near three-month lows. Price briefly recovered earlier in the day on reports that Iran had indirectly signaled openness to talks with the CIA, but the bounce faded as Israeli officials reportedly advised Washington to disregard the overture. The pair is now congesting in a tight range around its key daily moving averages, with small-bodied candles over the past three sessions pointing to indecision after the sharp sell-off from the late-January high near 1.3870. Read More…
GBP/USD slumps as strong US jobs data lifts US Dollar
The Pound Sterling (GBP) resumes its downtrend for the week on Thursday, courtesy of heightened tensions in the Middle East and solid US employment data ahead of Friday’s Nonfarm Payrolls report. At the time of writing, GBP/USD trades at 1.3337, down 0.25%. Read More…
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