The sterling pound rises in front of the USD, fight against other peers
The sterling pound (GBP) bounces about 1,3320 against the US dollar (USD) on Friday after a three -day correction. The GBP/USD torque gains ground as the US dollar goes back before non -agricultural payroll data (NFP) of the United States (USA) for April, which will be published at 12:30 GMT. The US dollar index (DXY), which tracks the value of the dollar against six main currencies, corrects about 99.85 from a maximum of more than two weeks of 100.38.
Investors will pay special attention to official US employment data as they will indicate to what extent the tariff policy of President Donald Trump has impacted the growth of employment. Labor market data will also influence market expectations about the monetary policy of the Federal Reserve (FED).Read more…
GBP/USD forecast: Buyers of the sterling pound remain selfless before US employment data.
The GBP/USD registered an early rebound on Friday, but failed to stabilize above 1,3300 after registering losses for the third consecutive day on Thursday. Technical perspectives point to a short -term bearish bias as markets prepare for the publication of US employment data.
The improvement of the risk appetite helped the US dollar (USD) to maintain its position on Thursday, which caused the GBP/USD to continue going down. The China Ministry of Commerce declared that they will evaluate the negotiations with the USA after the US has taken the initiative to transmit that they are willing to talk about commerce.Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
