Back
3 May 2013
Forex: GBP/USD bounces back above 1.5500
FXstreet.com (Córdoba) - The Sterling dipped briefly below 1.5500 and printed a fresh daily low in the knee-jerk reaction to the US employment data, which showed US economy added more jobs than expected, the unemployment rate edged lower to 7.5% while March and February figures were upwardly revised.
The US dollar benefited broadly from quite strong data and dragged GBP/USD to a 3-day low of 1.5479 before losing momentum. As investors take a breather, GBP/USD managed to bounce back above 1.5500 and it is currently around 1.5515, still 0.1% below its opening price.
The US dollar benefited broadly from quite strong data and dragged GBP/USD to a 3-day low of 1.5479 before losing momentum. As investors take a breather, GBP/USD managed to bounce back above 1.5500 and it is currently around 1.5515, still 0.1% below its opening price.