{"id":241097,"date":"2024-02-04T08:40:12","date_gmt":"2024-02-04T03:10:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=241097"},"modified":"2024-02-04T08:40:12","modified_gmt":"2024-02-04T03:10:12","slug":"pound-sterling-plummets-on-upbeat-us-nfp-data-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pound-sterling-plummets-on-upbeat-us-nfp-data-crypto-news\/","title":{"rendered":"Pound Sterling plummets on upbeat US NFP data – Crypto News"},"content":{"rendered":"

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The Pound Sterling (GBP) falls sharply from\u00a0fresh weekly highs in the early New York\u00a0session on Friday as the\u00a0United States<\/a>\u00a0Bureau of Labor Statistics (BLS) has reported an upbeat\u00a0labor report \u2013 the\u00a0Nonfarm Payrolls<\/a>\u00a0(NFP)\u00a0for January.\u00a0Gains were generated on expectations that the\u00a0Bank of England<\/a>\u00a0(BoE) is expected to start reducing interest rates after the Federal Reserve (Fed) and the European Central Bank (ECB) vanished. Read More…<\/a><\/div>\n
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The GBP\/USD pair<\/a>\u00a0regains above the 1.2700 mark during the early Asian session on Friday. The\u00a0Bank of England<\/a>\u00a0(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\u00a0Nonfarm Payrolls<\/a>\u00a0(NFP) on Friday for fresh impetus. The major pair currently trades around 1.2745, losing 0.01% for the day. Read More…<\/a><\/div>\n
The GBP\/USD pair<\/a>\u00a0struggles 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…<\/a><\/div>\n
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Share: The Pound Sterling (GBP) falls sharply from\u00a0fresh weekly highs in the early New York\u00a0session on Friday as the\u00a0United States\u00a0Bureau of Labor Statistics (BLS) has reported an upbeat\u00a0labor report \u2013 the\u00a0Nonfarm Payrolls\u00a0(NFP)\u00a0for January.\u00a0Gains were generated on expectations that the\u00a0Bank of England\u00a0(BoE) is expected to start reducing interest rates after the Federal Reserve (Fed) and the […]<\/p>\n","protected":false},"author":2,"featured_media":7697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,641,255,250,1380,252,247,253,249,308,256,254],"class_list":["post-241097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-nfp","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/241097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=241097"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/241097\/revisions"}],"predecessor-version":[{"id":241099,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/241097\/revisions\/241099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7697"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=241097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=241097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=241097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}