The pound has dropped despite upbeat Uk jobs report and weaker US dollar. The Uk unemployment rate report showed a drop to 4.9% which is 0.1% less than the expectation of 5% whereas the Claimant count has dropped to 10.2 k which is significantly less than the expectation of 113 k ,The figure is also [...]
The pound is trading downside against the greenback on Monday. The sterling seems to be under pressure mainly due to the renewed strength in the US Dollar Index (DXY). The US Treasury yields has seen some recent pullback and are trading near 1.66%, which offers a boost to the US dollar. Whereas, Asian shares became [...]
GBP/USD made a recovery against the loss during early Friday. While doing so, the quote enjoys the recent recovery in the market sentiment. Market sentiment is boosted as hopes of further stimulus join the Fed’s strong rejection of reflation fears. Also adding the optimism in the market sentiment is the US President Joe Biden’s push [...]
The sterling struggles despite improved unemployment data, the employment data showed that the unemployment rate unexpectedly dropped to 5% in January. The estimates were pointing to a modest uptick to 5.2% from 5.1%. The positive reading, to a larger extent, was offset by a Jump in the number of people claiming unemployment-related benefits to 86.6K [...]
