USDJPY
EURUSD
USDJPY
GBP/USD slips below 1.3450 as NFPs slash January Fed cut bets
Key Takeaways (30s Read)
The Pound drops below 1.3450 as mixed NFP data reduces January Fed cut bets.
GBP/USD has slipped below 1.3450 after the mixed results from December's Nonfarm Payrolls report, which has led traders to reduce their bets for a Fed interest rate cut in January. Currently, GBP/USD is trading at 1.3412, having peaked at 1.3451. The NFP outcomes have spurred a decline in the pound, but the ongoing strength of the economy remains a concern for traders. Moving forward, reassessing market expectations regarding U.S. interest rates will be critical, and further economic indicators will be key determinants. Movements around current price levels could significantly affect strategies in the coming days and weeks.
AI Analyst
AI Opinion
"The recent movements in GBP/USD indicate that the U.S. Nonfarm Payrolls have significantly affected market sentiment. The break below the 1.3450 support level suggests increasing short-term selling pressure. This trend hints that as speculation around a January rate cut fades, traders are more mindful of potential rate hikes. While there are bearish signals for the pound, the underlying strength of the U.S. economy cannot be disregarded. Therefore, careful monitoring of GBP/USD price movements is warranted, especially with upcoming economic data releases that could impact this pair."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.