3 Dec 2014
GBP/USD rises toward 1.5700 after ADP
FXStreet (Córdoba) - GBP/USD rose further after the release of the ADP employment report in the US and printed a fresh daily high at 1.5696. The pair remains near 1.5700 as the US dollar retreats modestly in the market following economic data and while the Chancellor of the Exchequer, G. Osborne, presents his annual Autumn Statement to Parliament.
According to ADP, the US private sector created 208.000 jobs in November; below the 220.000 expected by market consensus. October numbers were revised from 230.000 to 233.000 and September from 225.000 to 213.000.
Pound boosted by EUR/GBP
Cable gained momentum boosted by the decline of the EUR/GBP that reached fresh 3-week lows after the ADP report at 0.7860, extending the daily decline to more than 50 pips.
According to ADP, the US private sector created 208.000 jobs in November; below the 220.000 expected by market consensus. October numbers were revised from 230.000 to 233.000 and September from 225.000 to 213.000.
Pound boosted by EUR/GBP
Cable gained momentum boosted by the decline of the EUR/GBP that reached fresh 3-week lows after the ADP report at 0.7860, extending the daily decline to more than 50 pips.