Home Forex GBP/USD surged to 1.24, its best trading day since March

GBP/USD surged to 1.24, its best trading day since March

by SuperiorInvest


GBP/USD climbs to the 1.2400 handle to cap off a trading week where the pair mostly moved around the averages.

After US Nonfarm Payrolls (NFP) came in well below expectations, the pound sterling (GBP) rose 1.6% from Friday’s opening bids near 1.2190 and GPB/USD rose nearly 2.5% from weekly lows of 1, 2095. Read more…

The pound sterling (GBP) is moving fast as it improves market sentiment overcomes stagnant growth view for the UK economy. Market sentiment improved significantly after the event United States Job demand slowed in October and the unemployment rate rose more than expected. Read more…
The GBP/USD pair holding positive ground for the second straight day during Friday’s early European session. As widely expected, Bank of England (BoE) on Thursday decided to leave the interest rate unchanged at 5.25%. BoE Governor Andrew Bailey said during a press conference that an additional rate hike might be appropriate, but Bailey ignored the rate cuts. The major pair is currently trading around 1.2208, having gained 0.08% on the day. Read more…

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