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GBP/USD SURGES AGAINST US DOLLAR ON SOFT US JOBS DATA, EYES ON POWELL

guntur360
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  • Sterling climbs, benefiting from a weaker dollar after disappointing US employment figures.
  • Initial Jobless Claims rise to 217K, underscoring cooling US labor market despite Powell's openness to future policy easing.
  • UK's economic growth forecasts bolster GBP, with Chancellor Hunt presenting optimistic projections for 2024 and 2025.

The Pound Sterling moderately advanced in the North American session on Thursday, as the Greenback remains on the defensive after a soft jobs report from the United States (US). Therefore, the GBP/USD trades at 1.2756, up 0.19%.


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