GBP/USD posts are moderate losses below 1.3300 leading to US NFP release
The GBP/USD pair drops to close to 1.3275 at the time of Asian trading on Friday. Positive developments surrounding US-China trade conversations provide some US dollar (USD) support. Investors will monitor the US April April report later on Friday, including Nonfarm Payrolls (NFP), the unemployment rate and average -time income.
Early Friday, China said that assessed the possibility of trade communication with the United States, the first signing since US president Donald Trump raised tariffs in April. Avoiding a trade war between the two largest economies in the world and hoping that negotiations can start between the two sides raising the greenback and create a headwind for the main pair. Read more …
GBP/USD slips below 1.33 as a collapse of US and UK manufacturing activity
The edges of Pound Sterling (GBP) were lower against the US dollar (USD) on Thursday, with most European markets closed on Labor Day. The release of manufacturing activity data on both sides of the Atlantic and United States (US) trade policies continues to drive financial markets. At the time of writing, GBP/USD trading at 1.3295, down 0.25%.
US Cash Equity Markets opened the session to green. Recently released ISM data showed that the US manufacturing activity in the US deteriorated in April. ISM Manufacturing PMI rose to 48.7 in April, beat the expectations of 48 but still dropped from March 49. Read more …
