GBP/USD gained traction in the second half of the day and touched a new 2024-high near 1.2800 on Thursday. The positive shift seen in risk mood, as reflected by rising US stocks, weighs on the US Dollar and provides a boost to the pair.
GBP/USD surges against US Dollar on soft US jobs data, eyes on Powell
The Pound Sterling moderately advanced in the North American session on Thursday, as the Greenback remains on the defensive after a soft jobs report from the United States (US). Therefore, the GBP/USD trades at 1.2756, up 0.19
GBP/USD edges up on weak US economic data
US economic data is not helping the US Dollar, which is failing to gain traction following Federal Reserve Chair Jerome Powell's speech on Wednesday. Powell didn’t say anything dovish other than acknowledging that the Federal Reserve would ease policy “at some point this year,” though he emphasized that it would depend on data. He would speak again.
Confirm signal
GBP/USD rises to fresh 2024-high near 1.2800
GBP/USD surges against US Dollar on soft US jobs data, eyes on Powell
The Pound Sterling moderately advanced in the North American session on Thursday, as the Greenback remains on the defensive after a soft jobs report from the United States (US). Therefore, the GBP/USD trades at 1.2756, up 0.19
GBP/USD edges up on weak US economic data
US economic data is not helping the US Dollar, which is failing to gain traction following Federal Reserve Chair Jerome Powell's speech on Wednesday. Powell didn’t say anything dovish other than acknowledging that the Federal Reserve would ease policy “at some point this year,” though he emphasized that it would depend on data. He would speak again.
Confirm signal
GBP/USD rises to fresh 2024-high near 1.2800
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