GBP/USD climbs above 1.2900 following US NFP data

The Pound Sterling (GBP) registered solid gains versus the US Dollar (USD) in early trading on Friday during the North American session, even though the latest jobs report in the United States (US) depicts the economy remains solid. Nevertheless, fears of a recession in the US keep the Greenback on the back foot, and GBP/USD is trading at 1.2920, up over 0.30%. Read More…

Pound Sterling outperforms US Dollar as US NFP, wage growth miss estimates

The Pound Sterling (GBP) refreshes an almost four-month high near 1.2940 against the US Dollar (USD) in the North American trading session on Friday. The GBP/USD pair strengthens as the US Dollar slides further after the United States (US) labor market data for February misses estimates. The Nonfarm Payrolls (NFP) report showed the economy added 151K fresh workers, slightly lower than estimates of 160k but higher than 125k recorded in January, revised down from 143K. The Unemployment Rate came in higher at 4.1%, compared to expectations and the former release of 4%. Read More…

GBP/USD steadies around 1.2900 as traders adopt caution ahead of US Nonfarm Payrolls

GBP/USD holds little gains after registering losses in the previous session, trading around 1.2880 during the Asian hours on Friday. The pair steadies as traders adopt caution ahead of the US Nonfarm Payrolls (NFP) report scheduled to be released later in the North American session. Read More…