• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

1 November 2024 16:23  |

Pound Sterling trades sideways ahead of US NFP, Manufacturing PMI data

The Pound Sterling (GBP) ties in a tight range near 1.2900 against the US Dollar (USD) in Friday’s London session. The GBP/USD pair consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for October, which will be published at 12:30 GMT. The official labor market data will influence market expectations for the Federal Reserve (Fed) interest rate path for the remainder of the year.

The NFP report is expected to show that the economy added 113K new workers, less than half of 254K jobs created in September. Economists expect the Unemployment Rate to remain steady at 4.1%. Consensus for the NFP data appears to be diverging when compared with Wednesday’s ADP Employment Change data, which showed that 233K new workers were hired by the private sector in October and pointed to an improvement in labor market conditions.

Source: Fxstreet

Related News

GBP/USD

British Pound Edges Up After Inflation

The British pound cut early losses to approach $1.32, as latest inflation figures for the UK raised bets the BoE will cut int...

18 September 2024 14:10
GBP/USD

EUR/GBP remains below 0.8350 amid German PPI data release

EUR/GBP remains below 0.8350 after German PPI data EUR/GBP could face challenges amid dovish sentiment surrounding the ECB. G...

21 October 2024 14:49
GBP/USD

GBP/USD holds below 1.2900 ahead of US NFP data

The GBP/USD pair remains on the defensive around 1.2895, the lowest since August 16 during the early Asian trading hours on F...

1 November 2024 07:32
GBP/USD

GBP/USD weakens below 1.3350, UK/US PMI data in focus

GBP/USD pair edges lower to 1.3310, snapping the three-day winning streak during the early Asian session on Monday. The modes...

23 September 2024 09:51
BIAS23.com NM23 Ai