GBP/USD rebounds despite strong US NFP report

GBP/USD rebounds despite strong US NFP report, market doubt immediate Fed cuts The Pound Sterling (GBP) is advancing for the first time in the last four days and bounced off weekly lows against the Greenback, although an upbeat jobs report in the United States (US) decreased fears of a recession in the largest economy. Nevertheless, the US Dollar (USD) failed to gain ground, as depicted by GBP/USD trading at 1.3321, up 0.39%.Read More... Pound Sterling gives back majority gains against US Dollar on upbeat US NFP The Pound Sterling (GBP) is off from the day’s high of 1.3320 against the US Dollar (USD) in Friday’s North American session. The GBP/USD pair pares some of its intraday gains as the US Dollar bounces back after the release of the upbeat United States (US) Nonfarm Payrolls (NFP) data for April. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, rebounds from the intraday low of 99.60.Read More... GBP/USD posts modest losses below 1.3300 ahead of US NFP release The GBP/USD pair drifts lower to near 1.3275 during the Asian trading hours on Friday. The positive developments surrounding US-China trade talks provide some support to the US Dollar (USD). Investors will closely monitor the US April employment report later on Friday, including the Nonfarm Payrolls (NFP), the Unemployment Rate and Average Hourly Earnings. Read More... Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-rebounds-despite-strong-us-nfp-report-202505022005