Forex | Forex | Forex: GBP/USD drops below 1.6300 after NFP data (04/09/2009 13:01:00)

Forex: GBP/USD drops below 1.6300 after NFP data

FXstreet.com (Barcelona) – The GBP/USD has reacted down after the mixed Aug US non farm payrolls and the Sterling has fallen around 90 pips against Dollar from 1.6385 to post 1.6290 as fresh intra-day low in the following minutes after data released. Currently the pair is trading around 1.6290/1.6300, 0.15% below today's opening price action.

U.S. non farm payrolls have declined by 216,000 in August, a softer decline then the 276,000 revised drop seen in July, although the Unemployment rate has soared to 9.7%, the highest since 1983. Dollar is moving nervously against majors immediately after the release of unemployment figures.
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