GBP/USD finds some support near mid-1.1400s, eyes BoE for fresh impetus

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GBP/USD tests a new high for 2024 at 1.2771 post-NFP blitz – Crypto News

Published

3 years ago

January 6, 2024

Dripp

The GBP/USD climbed into a new high for the year at 1.2771 after markets broadly went risk-on after the US Nonfarm Payroll (NFP) data release surged above median forecasts, adding 216K new jobs in December. The NFP print handily trounced market expectations of 170K. Still, November saw a steep revision from 199K to 173K, with even further revisions to October’s already-revised 150K, bringing it down to just 105K. Read More…

The Pound Sterling (GBP) advances strongly against the US Dollar as markets’ risk appetite has improved despite the release of the upbeat US economic data. The GBP/USD pair has strengthened despite all components of the United States Nonfarm Payrolls data for December has outperformed expectations. It seems that a robust labor demand in the US economy was already discounted by the market participants. Read More…

GBP/USD continues its winning streak for the third successive day, trading higher around 1.2690 during the Asian session on Friday. The Pound Sterling gained ground possibly on the improved data released on Thursday from the United Kingdom (UK). However, the upbeat data from the United States (US) might have contributed to capping the advance of the GBP/USD pair. Read More…