GBP/USD hovers around 1.1940s following mixed US data, as traders' eye Fed Powell speech – by christianborjon GBPUSD Majors Macroeconomics Technical Analysis SEO
in the United States failed to support the US Dollar . At the time of writing, the GBP/USD is trading at 1.1942 after hitting a daily high of 1.2029.Sentiment remains fragile, as shown by US equities wavering. Latest Federal Reserve officials commented that the US central bank is ready to moderate the pace of rate hikes but also stated that rates would end higher than September projections. Even the St.
Data-wise, the ADP Employment Change report for November disappointed investors as the economy added just 127K jobs below expectations and trailed the 239K employees hired by private companies in October. Nela Richardson, the Chief Economist at ADP, said the November report suggests that the Federal Reserve’s aggressive policy “is having an impact on job creation and pay gains.”Elsewhere, the US Gross Domestic Product for the third quarter, on its second estimate, increased by 2.
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