{"id":284436,"date":"2024-04-17T04:04:23","date_gmt":"2024-04-16T22:34:23","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=284436"},"modified":"2024-04-17T04:04:23","modified_gmt":"2024-04-16T22:34:23","slug":"pound-sterling-keeps-pushing-against-1-2430-support-weighed-by-weak-uk-employment-data-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pound-sterling-keeps-pushing-against-1-2430-support-weighed-by-weak-uk-employment-data-crypto-news\/","title":{"rendered":"Pound Sterling keeps pushing against 1.2430 support weighed by weak UK employment data &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<div>The Sterling has resumed its broader bearish trend during Tuesday\u2019s London trading session. The uninspiring UK employment figures have endorsed the theory that the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boe\">BoE<\/a>\u00a0might start cutting rates ahead of schedule, which has punished the GBP. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-keeps-pushing-against-12430-support-weighed-by-weak-uk-employment-data-202404161704\">Read More&#8230;<\/a><\/div>\n<p>\u00a0<\/p>\n<div>The Pound Sterling (GBP) remains on the backfoot in Tuesday\u2019s early New York\u00a0session. The GBP\/USD pair remains vulnerable as the\u00a0United Kingdom Office for National Statistics (ONS) reported that labor market conditions have significantly cooled down in the three months ending February. The Unemployment Rate grew strongly to 4.2% and the overall labor market witnessed that 156K workers were laid-off. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-refreshes-five-month-low-after-weak-uk-employment-data-202404160709\">Read More&#8230;<\/a><\/div>\n<div><\/div>\n<div>The GBP\/USD pair drifts lower for the third straight day on Tuesday \u2013 also marking the fourth day of a negative move in the previous five \u2013 and drops to its lowest level since November 17 during the Asian session. Spot prices currently trade around the 1.2420 region as traders now look to the UK monthly employment details for a fresh impetus. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-slides-to-its-lowest-level-since-november-eyes-12400-ahead-of-uk-jobs-data-202404160301\">Read More&#8230;<\/a><\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Sterling has resumed its broader bearish trend during Tuesday\u2019s London trading session. The uninspiring UK employment figures have endorsed the theory that the\u00a0BoE\u00a0might start cutting rates ahead of schedule, which has punished the GBP. Read More&#8230; \u00a0 The Pound Sterling (GBP) remains on the backfoot in Tuesday\u2019s early New York\u00a0session. The GBP\/USD pair remains [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":34678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,641,255,250,252,247,253,249,308,256,254],"class_list":["post-284436","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-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\/284436","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=284436"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/284436\/revisions"}],"predecessor-version":[{"id":284437,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/284436\/revisions\/284437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/34678"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=284436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=284436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=284436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}