Pound Sterling plummets on upbeat US NFP data – Crypto News – Crypto News
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Pound Sterling plummets on upbeat US NFP data – Crypto News

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The Pound Sterling (GBP) falls sharply from fresh weekly highs in the early New York session on Friday as the United States Bureau of Labor Statistics (BLS) has reported an upbeat labor report – the Nonfarm Payrolls (NFP) for January. Gains were generated on expectations that the Bank of England (BoE) is expected to start reducing interest rates after the Federal Reserve (Fed) and the European Central Bank (ECB) vanished. Read More…
The GBP/USD pair regains above the 1.2700 mark during the early Asian session on Friday. The Bank of England (BoE) decided to keep the interest rate steady at 5.25% at its January meeting on Thursday, citing the need to see more evidence that inflation would continue falling. Investors await the US Nonfarm Payrolls (NFP) on Friday for fresh impetus. The major pair currently trades around 1.2745, losing 0.01% for the day. Read More…
The GBP/USD pair struggles to capitalize on the previous day’s solid recovery of around 130 pips from the 1.2625 area, or over a two-week low and oscillates in a narrow band during the Asian session on Friday. Spot prices currently trade near mid-1.2700s, closer to the weekly peak, as traders look to the US monthly jobs report before placing fresh bets. Read More…
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