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GBP/USD Forecast: Fed not seen raising rates this year, will USD sell-off resume?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair fell to a session low of 1.4452 levels on Friday, before recovering slightly to end the day around 1.4498 levels. The greenback strengthened across the board after the data in the US on Friday showed a surprise drop in the unemployment rate and rise in the average hourly earnings. Both data sets were enough to overshadow the horribly weak payrolls figure. Non-farm payroll report showed 151k growth in job market in January, lower than expectation of 192k. Prior month's figure

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