GBP/USD falls to daily lows after US NFP

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    GBP/USD turned lower and posted fresh daily lows following the release of better-than-expected US employment data.

    US nonfarm payrolls report showed the economy added 242,000 new jobs in February, beating expectations of 190,000. Meanwhile, the unemployment rate stood unchanged at 4.9% as expected.

    GBP/USD retreated from the 1.4160 zone to a fresh daily low of 1.4106 before finding support. At time of writing, the pair is trading at 1.4115, down 0.40% on the day.
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