The Pound Sterling to US Dollar (GBP/USD) exchange rate softened
by around -0.20% on Friday afternoon as the US NFP report exceeded
expectations.
The US Dollar edged higher versus many of its major peers on Friday as the highly-influential US Non-Farm Payrolls data showed a stronger-than-anticipated increase in positions. Although the unemployment rate grew slightly, this was due to a rise in the nation’s participation rate.
The Pound Sterling, meanwhile, is generally trending lower versus its most traded currency rivals as a result of disappointing UK trade data. The declination has been sluggish, however, with speculation mounting that the Bank of England (BoE) will be one of the first major central banks to tighten policy.
Read more at Click here / www.trade4x.net
The US Dollar edged higher versus many of its major peers on Friday as the highly-influential US Non-Farm Payrolls data showed a stronger-than-anticipated increase in positions. Although the unemployment rate grew slightly, this was due to a rise in the nation’s participation rate.
The Pound Sterling, meanwhile, is generally trending lower versus its most traded currency rivals as a result of disappointing UK trade data. The declination has been sluggish, however, with speculation mounting that the Bank of England (BoE) will be one of the first major central banks to tighten policy.
Read more at Click here / www.trade4x.net
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