The pair gained momentum following the release of the US labour market report for July 2026 on 7 August. Non-farm employment fell by 23,000 jobs, compared with a forecast for an increase of 80,000 jobs among economists surveyed by Reuters. Employment data for May and June were also revised downwards, according to the Bureau of […]
The post GBP/USD Analysis: Weak US Labour Market Data Pushes the Pair Higher appeared first on ActionForex.
In focus today In Norway, we expect core inflation to have risen to 2.9% in July, driven by a partial rebound in information and communication technology, as well as airline tickets. Lower food inflation should Read more…
Take-Two Interactive (TTWO) just got a demand signal that most companies would rush to celebrate. Instead, management slammed on the brakes. CEO Strauss Zelnick said pre-orders for Grand Theft Auto VI have reached levels neither Read more…
Key Highlights EUR/USD started a fresh increase above the 1.1520 resistance. A contracting triangle is forming with resistance at 1.1600 on the 4-hour chart. GBP/USD could gain pace if it clears the 1.3550 resistance. Gold Read more…