GBP/USD Surge: Is This the Dollar’s Tipping Point Investors Have Been Waiting For?
Ever wonder how a weak jobs report from the world’s biggest economy can send shockwaves across global markets? Well, buckle up—because that’s exactly what happened with the GBP/USD pair this Tuesday. The Dollar took quite a hit after the latest US jobs data exposed some serious frailty in the labor market, while retail sales stubbornly held steady, showing that consumers might just be tougher than expected. With the Pound jumping over 0.4%, climbing from a daily low of 1.3355 all the way up to around 1.3432, you can’t help but ask yourself: is this just a blip, or the start of a bigger story for the Dollar and Sterling? The dance between these two currencies right now isn’t just numbers on a screen—it’s a live wire of economic resilience, uncertainty, and opportunity. Curious to dive deeper into what’s driving this volatile tug-of-war? LEARN MORE
GBP/USD erupts as soft US jobs data crush the Dollar
The GBP/USD surges 0.42% on Tuesday as the latest US jobs report revealed the labor mark weakness, while Retail Sales were unexpectedly unchanged from September figures, an indication of consumers’ resilience. At the time of writing, the GBP/USD trades at 1.3432 after reaching a daily low of 1.3355. Read More…
Pound Sterling outperforms on key UK data, US NFP eyed
The Pound Sterling (GBP) extend its intraday upside move against its major currency peers on Tuesday, following the release of the United Kingdom (UK) preliminary S&P Global Purchasing Managers’ Index (PMI) data for December, and the labour market data for the three months ending in October. Read More…
GBP/USD remains confined in a range above mid-1.3300s ahead of UK jobs report
The GBP/USD pair extends its sideways consolidative price move through the Asian session on Tuesday and currently trades around the 1.3370-1.3365 region, nearly unchanged for the day. Traders seem reluctant and opt to wait for this week’s important macro releases and the key central bank event risk before placing fresh directional bets. Read More…
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