FX: (GBP/USD) British Pound To US Dollar May Shock You!

FX: (GBP/USD) British Pound To US Dollar May Shock You!

GBP/USD rises for the first time since March

GBP/USD rose around 0.2% to 1.2001 again after falling to 1.1760 late last week its lowest fall since March 2020, as the Labour market data released showed British workers had re-joined the jobs market at the fastest pace since before the pandemic. Their Unemployment Rate remains similar to the previous month's figure at 3.8%.

Meanwhile, the US dollar index (DXY) dollar hovered just above a one-week low on Tuesday as markets reduced The possibility of a 100 basis point (bps) rate hike in July to below 30% from nearly 80 % earlier this week.

Disclaimer: Any information contained in this post is provided as general market information for educational purposes only, and does not constitute investment advice.

FX: (GBP/USD) British Pound To US Dollar May Shock You!

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