Non Farm Payrolls Non Farm Payrolls Brexit Negotiations

Pound Sterling popped higher on further confirmation the E.U. and U.K. are making progress on Brexit negotiations with reports suggesting that agreement has been reached on the so-called divorce bill.

A "Moment of truth is approaching" for Brexit negotiations says the EU's chief negotiator Michel Barnier, highlighlighting an important point make-or-break point in the British pound calendar.

The Pound is being tipped to advance on the Dollar and other currencies this week as the UK's position on the amount that will be paid to settle the EU exit bill is clarified.

Sterling has caught a bid on Tuesday, October 31 on news that the EU's chief Brexit negotiator Michel Barnier said that he was ready to speed up talks with the UK.

A "No Deal" Brexit is looking increasingly likely but with the Pound having already fallen sharply during October, and a possible rate hike from the Bank of England just weeks away, some strategists say much of the bad news is already priced into markets.

Pound Sterling was seen moving higher at the start of the new week as London markets took the reins from Asia.

Pound Sterling performed a spectacular comeback against major currencies on reports the European Union are looking to offer the UK a two-year transition period.

The Pound’s initial response to the outcome of the fifth round of Brexit negotiations between the European Union and United Kingdom was negative with little significant progress being announced.

Although US Non-Farm Payrolls (NFPs) showed a shock fall of -33k in September a strong rise in wages and fall in overall unemployment boosted the Dollar after the release. 

The number of jobs being created in America continues to rise.

On Friday 7th July, the US Bureau of Labor Statistics is scheduled to release the June jobs report at 1330 BST. The GBP/USD could be in for some big moves is the data surprises.

Those with an interest with how the US Dollar performs on global foreign exchange markets over the coming 24 hours will be watching the release of US employment data due out at 13:30 B.S.T.

The lock-step moves between the Dollar and Pound have meant both have fallen back against the Euro in the wake of the US employment release.

The US Dollar is outperforming its G10 rivals ahead of the month’s most important economic data release out of the US.

Stocks have soared and the dollar has fallen after August payrolls undershot expectations.

The US Dollar’s nascent recovery could hit the buffers on Friday should the prophecies of a leading global investment bank be proven true.

The GBP to USD exchange rate could see volatility spike when the US jobs report and wage data is released at 13:30 BST.

June’s stellar jobs report showed a massive rebound in payrolls -  so why aren’t markets pricing in a rise in the probability of the Federal Reserve increasing interest rates?

Having fallen to 31 year lows against the Dollar there appears little letup in the pressure on Sterling.

We consider the latest views concerning the pound and US dollar in the wake of the ructions that hit markets following the release of June’s US Employment Situation report.