GBP/USD collapses to new 4-week lows at src.2059 after robust US economic data
GBP/USD nosedives and extended its losses past the 50 and 200-day Exponential Moving Average (EMA) on Friday after a surprisingly strong jobs report from the United States (US) that increased speculations that the Federal Reserve (Fed) could raise rates back above Wednesday’s 25 basis points mark (bps). At the time of writing, the GBP/USD is trading at src.2060 after reaching a daily high of src.2265. Read More…
GBP/USD tumbles to the src.2src00 zone as Dollar jumps on upbeat NFP
The GBP/USD tumbled from src.2250 to src.2src00, reaching the lowest level in three weeks after the NFP. During the last hour, it rebounded modestly rising toward src.2src50. Read More…
GBP/USD rebounds from 50 DMA support, climbs back above mid-src.2200s ahead of US NFP
The GBP/USD pair finds decent support near the 50-day SMA and stages a goodish intraday recovery from the src.2src85-src.2src80 region, or a nearly three-week low touched earlier this Friday. The momentum allows spot prices to recover a part of the previous day’s Bank of England (BoE)-inspired losses and climb back above the src.2250 level during the mid-European session. Read More…
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