Pound Sterling Price News and Forecast: GBP/USD trades flat above 1.3100 as traders brace for US NFP data
GBP/USD trades flat above 1.3100 as traders brace for US NFP data
The GBP/USD pair struggles to gain ground near 1.3125 during the Asian session on Friday. Traders prefer to wait on the sidelines ahead of the US employment data, including Nonfarm Payrolls (NFP), Unemployment Rate and Average Hourly Earnings, which are due later on Friday. Read More…
GBP/USD trades with mild gains above 1.3100, focus on US NFP data
The GBP/USD pair posts modest gains to near 1.3125, snapping the three-day losing streak during the early Asian session on Friday. However, the upside for the major pair might be limited as traders brace for the highly-anticipated US Nonfarm Payrolls (NFP) data, which is due later on Friday. Read More…
GBP/USD hammered down to over two-week low, below mid-1.3100s on Bailey’s dovish remarks
The GBP/USD pair continues losing ground for the third straight day – also marking the fourth day of a negative move in the previous five – and plummets to over a two-week low during the first half of the European session on Thursday. Spot prices currently trade below mid-1.3100s, down nearly 1.0% for the day, and seem vulnerable to decline further in the wake of Bank of England (BoE) Governor Andrew Bailey’s dovish remarks. Read More…