Pound Sterling Faces Challenges

GBP/USD falls below 200-day moving average The British Pound Sterling is facing challenges due to the US repricing faster in the other direction. The US Nonfarm Payrolls report showed 172K jobs, exceeding the consensus near 85K. This has led to a market now prici

GBP/USD falls below 200-day moving average

The British Pound Sterling is facing challenges due to the US repricing faster in the other direction.

The US Nonfarm Payrolls report showed 172K jobs, exceeding the consensus near 85K.

This has led to a market now pricing roughly 72% odds of higher US rates by December, affecting the Pound’s value.

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