GBP/USD holds to earlier gains near 1.2450 post US jobs data
GBP/USD ascends to 1.2451, buoyed by disappointing US NFP figures showing only 143K jobs added.
US unemployment rate improves to 4%, with a notable increase in Average Hourly Earnings hinting at robust consumer spending.
Market anticipates a Fed rate cut in June 2025, while the recent BoE rate cut minimally impacts Pound's performance.
The Pound Sterling (GBP) registered gains versus the US Dollar (USD) on Friday following a softer-than-expected US Nonfarm Payrolls report. The GBP/USD seesawed within a 1.2418 – 1.2491 range and traded at 1.2451, up 0.15%.
The Pound appreciates following a weak US jobs report
January US NFP data was softer than expected, with the economy adding 143K people to the workforce, below the 170K estimated. The Unemployment Rate ticked lower from 4.1% to 4%, ...