GBP/USD climbs as jobless claims dent USD despite soft UK GDP
The Pound Sterling (GBP) rallies during the North American session on Thursday versus the US Dollar (USD) after new jobs data in the US contradicts a stellar Nonfarm Payrolls report released a day ago. Meanwhile, the UK economy grew weaker than expected, yet the British Pound continues to trade with gains. GBP/USD trades at 1.3664, up 0.28%. Read More…
GBP/USD holds above 1.3600 despite grim UK economic data
The Pound (GBP) lost ground against its main peers on Thursday, following a string of disappointing UK economic indicators. The GBP/USD pair, however, has remained steady above 1.3600 and is picking up to 1.3640 at the time of writing, keeping a mild upside trend from last week’s lows intact. Read More…
Pound Sterling remains depressed as softer UK Q4 GDP print reaffirms BoE rate cut bets
The GBP/USD pair turns lower for the third straight day on Thursday and retreats further from a one-week high, around the 1.3715 region, touched the previous day. Spot prices, however, hold above the 1.3600 mark through the early European session and move little following the release of rather unimpressive US macro data. Read More…