GBP/USD Shocks Market: Is This the Dollar’s Breaking Point or Just the Beginning?
Ever notice how one weak report from the US job market can send ripples—or better yet, tidal waves—through the global currency seas? Well, buckle up, because the GBP/USD just erupted, climbing a solid 0.42% after the latest US jobs data revealed some unexpected softness. It’s almost as if the Dollar decided to take a nap while the Pound Sterling strutted its resilience, buoyed further by steady Retail Sales and encouraging UK economic indicators. Now, here’s the kicker: with the GBP/USD bouncing above 1.34 after dipping to about 1.3355, the question on every trader’s mind is—can this momentum hold, or is it just a teaser before the next big market bang? That heat is on, and the dance between these currencies is anything but dull. 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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