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Forex - GBP/USD down on jobs data

By Investing.comForexMay 04, 2012 07:45PM GMT Add a Comment
 
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Investing.com - The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

Forex - GBP/USD down on jobs data
GBP/USD was trading at 1.6151, down 0.16% at time of writing.

The pair was likely to find support at 1.6141, today’s low, and resistance at 1.6302, Monday’s high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 115K last month, from 154K in the preceding month whose figure was revised up from 120K.

Analysts had expected U.S. non-farm payrolls to rise 170K last month.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.31% to hit 0.8106 and GBP/JPY falling 0.59% to hit 128.95.

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