GBP/USD is around the 1,2900 area, the rise seems possible due to the feeling of risk aversion
The GBP/USD has started down after registering profits during the last three consecutive days, quoting around 1,2890 during the Asian hours of Thursday. The US dollar remains under pressure after private payroll data in the US weakest than expected, which generates concerns about the deceleration of economic impulse in the United States (USA). In addition, the improvement of the feeling of risk exerts the downward pressure on the dollar, driven by another change in the tariff strategy of US President Donald Trump.
The ADP employment change report showed only 77,000 new jobs, significantly below the provision of 140,000 and well below the reading of March 186,000. Market participants now focus on the Non -Agricultural Payroll (NFP) report on Friday, which is expected to indicate a moderate recovery in employment growth. The forecasts suggest that the net employment additions will increase to 160,000 in February, compared to January 143,000. Read more…
GBP/USD continues at rebound, looking 1,2900
The GBP/USD stepped on the accelerator and had another strong session on Wednesday, rising 0.85% and registering its third consecutive session of firmly bullish profits. The Libra markets are firmly recovering after weeks of an appetite for unstable risk, leading to the GBP/USD at maximum 16 weeks.
Despite the warnings that the United Kingdom’s economy is weakening in general, cable markets recounted after the monetary policy of the Bank of England (BOE). According to the governor of the BOE, Andrew Bailey, a slight increase in inflation is expected despite the weakest growth figures, which causes the markets to readjust their expectations of rates cuts for the rest of 2025. The rates markets now see less than 50 basic points of total interest rate cuts for the rest of the year. Read more…
GBP/USD shoots as the weak US data feed the Fed Rate Cutting Betting
The sterling pound (GBP) extended its profits against the US dollar (USD) on Wednesday, since market participants punished the latter. Market participants incorporated additional relief of monetary policy by the Federal Reserve (FED). The United States data (USA) shows that the economy is weakening, with companies and consumers becoming pessimistic, mainly due to commercial policies. The GBP/USD is quoted at 1,2864, with an increase of more than 0.55%.
The US labor market continues to slow down, as indicated by the change of ADP employment for February. Companies added 77,000 people to the workforce, below the estimates of 140,000 and well below the 188,000 hired in January. 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.
