GBP/USD steady despite US jobs surprise, Reeves uncertainty caps gains
ThePound Sterling(GBP) remains steady against the US Dollar (USD) on Thursday, after a solidNonfarm Payrolls(NFP) report in theUnited States(US) cemented the case for the Federal Reserve (Fed) to hold rates in July, as the Unemployment Rate ticked lower. At the time of writing, GBP/USD is trading at 1.3634, virtually unchanged. Read More…
Pound Sterling trades higher against US Dollar, US NFP under spotlight
ThePound Sterling(GBP) moves higher to near 1.3665 against the US Dollar (USD) during European trading hours on Thursday. The GBP/USD pair seems to have found a floor after Wednesday’s slump, in a broad sell-off in UK assets due to growing question marks around the continuity of Chancellor of the Exchequer Rachel Reeves. Read More…
GBP/USD weakens below 1.3650 amid concerns over the UK debt position, US NFP data in focus
The GBP/USD pair extends the decline to near 1.3625 during the Asian trading hours on Thursday. ThePound Sterling(GBP) faces some selling pressure amid a selloff in British governmentbonds. Traders will closely watch the US June employment data later on Thursday, includingNonfarm Payrolls(NFP), Unemployment Rate and Average Hourly Earnings. Read More…
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