Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
GBP/USD hands back gains to 1.2345 as UK jobs report looms at 7am GMT
The rebound in the dollar this morning has not just been about the Euro and the Canadian dollar, because the GBP/USD has also fallen foul of those new Trump tariff comments. As already noted yesterday, the Pound rose from a low at 1.2161, to reach 1.2344 ahead of the close last night. The GBP/USD ended the US session at 1.2328. Earlier today it was in the process of trying to push higher, when the fresh Trump news also sent it reeling. The GBP/USD slumped from a session high at 1.2345, to a low at 1.2249. It is edging off that low now, but we have some important UK data due out shortly, at 7am GMT- the latest jobs report, covering the 3 months to November and November itself. The markets are expecting a significant rise in UK wages and a lower payroll count. Well, if seen neither of those are positive for the economic outlook. There will be much more to add, when all that data arrives. Meantime, the GBP/USD is right now at 1.2278
Market News
All News-
Gold makes a move above $3,250
Since much earlier this morning Gold has been edging higher after it had again held above a noted and important level, at $3,202. The further rise has... -
Not such a positive start for US stocks today- check out the S+P 500
The US stock markets have been open for around 25 minutes now and it has been a lower start to the session. Even the Dow Jones has slipped back in... -
USD/JPY extends rebound ahead of US stock market opening
Since the last update here noted the rebound from 144.10 in the USD/JPY, the Japanese currency has weakened further and it has since lifted back above...
