Forex: GBP/USD bounces off low follow NFP climb
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GBP/USD
FXstreet.com (Barcelona) - GBPUSD has moved off its weekly, and 2013 lows as December's US Non Farm Payroll numbers beat market consensus expectations.
NFP's came in at 155K against expectations of 150k, against a backdrop of a prospective early end to QE as revealed in yesterday's FOMC minutes. GBPUSD had previously been trading just above key psychological level 1.6000 prior to the numbers but climbed to touch 1.6040 in the initial aftermath. Spot has now retraced to where it is currently trading at 1.6028 whilst it looks for direction this afternoon.
NFP's came in at 155K against expectations of 150k, against a backdrop of a prospective early end to QE as revealed in yesterday's FOMC minutes. GBPUSD had previously been trading just above key psychological level 1.6000 prior to the numbers but climbed to touch 1.6040 in the initial aftermath. Spot has now retraced to where it is currently trading at 1.6028 whilst it looks for direction this afternoon.
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