The Pound Sterling (GBP) looks set to deliver a fresh upside as the market mood is supportive for risk-sensitive assets.
Pound Sterling is expected to deliver more upside amid a risk-on market mood. The UK economy is seen marginally contracting in Q3 due to higher interest rates – a negative for Pound Sterling. Deepening Middle East tensions could keep the broader risk profile negative.
Employers hired 150K job seekers, which were lower than expectations of 180K and upwardly revised September’s reading of 297K. The Services PMI, which gauges activity in the US service sector – a sector that accounts for two-thirds of the US economy-declined to 51.8 against expectations of 53.0, and a 53.6 reading from September. Technical Analysis: Pound Sterling rises to near 1.2400 Pound Sterling prepares for a fresh upside above the immediate resistance of 1.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pound Sterling Price News and Forecast: GBP/USD consolidates in a range below 1.2400 markThe GBP/USD is climbing into the 1.2400 handle to cap off a trading week that saw the pair mostly flounder around the averages.
Read more »
Woman Hits 100-Pound Weight Loss Goal While Hiking the Appalachian TrailA 20-year-old woman told Newsweek she was tired of being known as 'the bigger one' of her 14 siblings, so she embarked on a life-changing journey.
Read more »
Indonesia's Q3 GDP growth weakest in 2 years, exports slump furtherIndonesia's annual economic growth slowed more than expected in the third quarter to its weakest in two years, official data showed on Monday, as exports shrank further and household consumption weakened.
Read more »
1.1M-pound historic steam train to return to Utah during 2024 tourUnion Pacific's Big Boy No. 4014, known as the world's largest steam train, will make its return to Utah next year as part of a six-state tour highlighting the historic train.
Read more »
Jacob Elordi Says He Ate a Pound of Bacon Every Day to Prepare to Play Elvis Presley in 'Priscilla'The actor revealed that he was “the biggest” he's ever been while trying to eat The King's infamously bad diet.
Read more »