7 Feb 2014
GBP/USD surges on another disappointing non-farm payroll number
FXStreet (London) - GBP/USD has surged on below consensus US non-farm payroll numbers.
Another disappointing non-farm payroll number
According to the report from the US Bureau of Labour statistics, total non-farm payroll employment rose by 113,000 in January, and the unemployment rate was little changed at 6.6 percent. Employment grew in construction, manufacturing, wholesale trade, and mining.
The numbers represented another miss on expectations. Consensus expectations had been 185k, after last month’s disappointing print of 75k.
Choppiness ahead of the NFP release
The pair climbed to a high of USD1.6356 ahead of UK industrial and manufacturing data, before declining on a small miss on expectations. However, the main focus of the day was the NFP numbers, which was reflected in the choppiness ahead of the print. GBP/USD is currently trading at USD1.6360, up 0.25 percent on the day and in strongly bearish territory.
Another disappointing non-farm payroll number
According to the report from the US Bureau of Labour statistics, total non-farm payroll employment rose by 113,000 in January, and the unemployment rate was little changed at 6.6 percent. Employment grew in construction, manufacturing, wholesale trade, and mining.
The numbers represented another miss on expectations. Consensus expectations had been 185k, after last month’s disappointing print of 75k.
Choppiness ahead of the NFP release
The pair climbed to a high of USD1.6356 ahead of UK industrial and manufacturing data, before declining on a small miss on expectations. However, the main focus of the day was the NFP numbers, which was reflected in the choppiness ahead of the print. GBP/USD is currently trading at USD1.6360, up 0.25 percent on the day and in strongly bearish territory.