GBP/USD rate falls after NFP hit, which revives Fed maintains forecasts

The GBP/USD currency pair extended losses for a second straight day, falling 0.12% after a robust U.S. nonfarm payrolls report that could refocus the Federal Reserve’s attention on tackling higher inflation, which has remained above target for five years. At the time of writing, the pair is trading at 1.3205. Read more…

GBP/USD is trading slightly higher in feeble holiday trade ahead of US NFP quotes

The British Pound (GBP) is trading slightly higher against the US Dollar (USD) on Friday as slight dollar softness provides some support. However, price action remains subdued amid feeble liquidity conditions due to the Good Friday holiday, and trading activity is likely to pick up during the US session, ahead of the US non-farm payrolls (NFP) report. Read more…

GBP/USD Price Forecast: Rebound towards 1.3250 near the nine-day EMA

GBP/USD maintains gains after losing more than 0.5% the previous day, trading around 1.3230 during Asian hours on Friday. Technical analysis of the daily chart indicates a continued downtrend as the pair remains within a descending channel formation. Read more…