Non-Farm Payroll is one of the most closely monitored economic indicators for the US economy, reflecting the direction the labour market is taking. The figures are also notoriously difficult to predict, increasing the volatility as the market often scrambles to revalue the US dollar according to the news.

Currency Pair% Change in 1 monthDifference on £200,000
GBPUSD2.89%$11,160
Economic data to affect USD gains?

The data is released today at 13.30 and is important for any clients interested in the US dollar, as well as any currency connected to it, which covers a very wide spectrum. The USD accounts for an estimated 60% of globally traded foreign exchange.

The expectation is for a drop to 180k newly created jobs versus the previous 304k from last month, this could adversely affect the US dollar as it reflects a slight slowdown in the pace of newly created jobs.

If you have a US dollar transfer you are considering, it might be wise to examine your options and discuss strategy with your account manager ahead of the news.

Will GBPUSD fall below interbank 1.30?  

Euro weakness yesterday helped the greenback rise against sterling with EURUSD - the world’s most heavily traded currency pairing - falling to a 20-month low. This movement of funds from the euro to the US dollar has ‘weighed’ the US dollar down against the pound. GBPUSD levels are now just above the 1.30 interbank rate making this afternoon’s NFPR even more interesting for clients concerned with any GBPUSD transfer.

The US dollar is in a mixed pattern of late, struggling under the conflicting signals from the Trade Wars and also the US economy. On one hand we have a series of positives; the Trade Wars with China could be close to agreement and the US economy is creating lots of jobs. However there is the inherent uncertainty that the Trade Wars have created, and the worries over small declines in economic growth. The conflicting messages are leaving the currency loosely range bound.

There is an expectation that next week could provide some defining news on Brexit, so clients interested in GBPUSD currency exchanges buying or selling might well benefit from a quick discussion with our expert team.

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Exchange rates on this page are interbank rates and indicate where the market is trading to show the performance of a currency pair. They are not indicative of the rates which we offer. The information on this web site is provided free of charge for information purposes only. It does not constitute advice to any person on any matter. Foreign Currency Direct plc. ("FCD") makes every reasonable effort to ensure that this information is accurate and complete but assumes no responsibility for and gives no warranty with regard to the same.