The Pound Sterling (GBP) slides below the round-level support of 1.3100 against the US Dollar (USD) in Friday’s New York session.
The Pound Sterling slumps to near1.3070against the US Dollar after upbeatUS NFP report for September. The probability of the Fed cutting interest rates by 50 bps in November has waned. BoE’s Bailey emphasized the need to cut interest rates aggressively. The Pound Sterling slides belowthe round-level support of 1.3100 against the US Dollar in Friday’s New Yorksession.
British Pound was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.62% 0.38% 1.26% 0.26% 0.71% 1.01% 0.95% EUR -0.62% -0.21% 0.57% -0.34% 0.08% 0.41% 0.31% GBP -0.38% 0.21% 0.82% -0.13% 0.29% 0.61% 0.51% JPY -1.26% -0.57% -0.82% -0.93% -0.49% -0.20% -0.27% CAD -0.26% 0.34% 0.13% 0.93% 0.44% 0.78% 0.65% AUD -0.71% -0.08% -0.29% 0.49% -0.44% 0.31% 0.18% NZD -1.01% -0.41% -0.61% 0.20% -0.78% -0.31% -0.11% CHF -0.95% -0.31% -0.51% 0.27% -0.65% -0.18% 0.
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