GBP/USD Slips After Blockbuster NFP Revives Fed Hold Outlook Bets
GBP/USD extended its losses for a second straight day, falling 0.12% after a lackluster US nonfarm payrolls report that could refocus the Federal Reserve on fighting high inflation that has remained above target for five years. At the time of writing, the pair is trading at 1.3205. Read more…
GBP/USD trades slightly higher in light holiday trading ahead of US NFP
The British pound (GBP) is trading slightly higher against the US dollar (USD) on Friday, as a slight weakness in the greenback provides some support. Although price action remains sluggish amid low liquidity conditions due to the Good Friday holiday, trading activity is likely to pick up during the US session as traders await the US Nonfarm Payrolls (NFP) report. Read more…
GBP/USD Price Forecast: Rally towards 1.3250 near nine-day EMA
GBP/USD is holding on to gains after registering a loss of more than 0.5% the previous day and is trading around 1.3230 during Asian hours on Friday. Technical analysis of the daily chart indicates continued bearish bias, as the pair remains within the descending channel pattern. Read more…
