Pound Sterling buyers regained the upper hand against the United States Dollar (USD) in the central banks’ bonanza week, reviving GBP/USD from multi-week troughs.
Pound Sterling buyers returned, pushing GBP/USD back above 1.2300. GBP/USD looks to the UK Q3 GDP report for a fresh directional impetus. GBP/USD stays within a symmetrical triangle, as RSI turns neutral on the daily chart. GBP/USD managed to climb above a critical technical level, as we head toward a relatively data-light week.
This reading came in below the market expectation of 180,000 and triggered a USD selloff ahead of the weekend. Other details of the jobs report revealed that September’s 336,000 rise in NFP got revised lower to 297,000 and the Unemployment Rate edged higher to 3.9% from 3.8%. Pound Sterling price this week The table below shows the percentage change of Pound Sterling against listed major currencies this week. Pound Sterling was the strongest against the US Dollar.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pound Sterling Price News and Forecast: GBP/USD remains negative as Fed holds rates unchanged.
Read more »
Pound Sterling Price News and Forecast: GBP/USD eyes 1.2200 mark ahead of BoE meetingGBP/USD remains negative as Fed holds rates unchanged ahead of Powell’s press conference The GBP/USD oscillates at around 1.
Read more »
GBP/USD Forecast: Pound Sterling needs a hawkish BoE to clear 1.2200GBP/USD gathered bullish momentum and registered gains on Wednesday after dropping below 1.
Read more »
Pound Sterling Price News and Forecast: GBP/USD remains capped below the 1.2200 barrierGBP/USD gathered bullish momentum and registered gains on Wednesday after dropping below 1.
Read more »
Pound Sterling Price News and Forecast: GBP/USD remains on the defensive below 1.2200.
Read more »
GBP/USD steadily climbs back closer to weekly top, eyes 1.2200 mark ahead of BoE meetingThe GBP/USD pair is seen building on the previous day's bounce from sub-1.
Read more »