5 Nov 2014
GBP/USD recovers above 1.5900 after ADP
FXStreet (Córdoba) - GBP/USD rose further above 1.5900 after the release of the ADP report in the US. The pair climbed to 1.5926 reaching the strongest level since early European session.
According to the ADP employment report, the US private sector added 230.000 jobs in October, slightly above the forecast of 220.000 that analyst expected.
GBP/USD gains momentum
Cable is trimming losses and recovering ground after falling to 1-year lows at 1.5867 earlier. Greenback weakened across the board after labor market numbers, but is still holding important gains for the day. The pair remain above 1.5920, but on a wider perspective is still under pressure, still far from the level it had at the beginning of Wednesday.
According to the ADP employment report, the US private sector added 230.000 jobs in October, slightly above the forecast of 220.000 that analyst expected.
GBP/USD gains momentum
Cable is trimming losses and recovering ground after falling to 1-year lows at 1.5867 earlier. Greenback weakened across the board after labor market numbers, but is still holding important gains for the day. The pair remain above 1.5920, but on a wider perspective is still under pressure, still far from the level it had at the beginning of Wednesday.