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GBP/USD takes a step closer to 1.2822 as US jobs disappoint the dollar
There have been many reactions across the markets following the release of the monthly jobs report from the US. As you can see the dollar has not come out of that too well right now. That has delivered a move above 1.06 in the EUR/USD and it has pushed the GBP/USD back above the 1.28 handle. The Pound is now closer to the noted and important 200 day moving average, now in place at 1.2822. The high seen so far has been set at 1.2811. So, it has not tested the level yet, but as you can see it has come close so far. The GBP/USD is currently trading at 1.2801
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