GBP/USD jumps above 1.5200 after NFP

FXStreet (Córdoba) - GBP/USD rose sharply following the release of the US employment report that came considerable below expectations. The pair was trading at 1.5160 and jumped to 1.5236, hitting the highest level since Monday.

In a few minutes cable erased weekly losses and is back above the level it had on Monday, recovering after falling yesterday to 1.51058, the lowest since May.

Greenback tumble in the market after the NFP report. According to the official report the US economy added 142,000 jobs in September, below consensus of 203,000. August and July gains were revised negatively by a combined 59,000.

Oct 2, 2015

Japan: Household spending surges - BBH

Research Team at BBH, note that the household spending in Japan came in much higher than expected in August, rising to 2.9% y/y against expectations for 0.3% and this was the first positive print in three months.

US unemployment stable but uniformly dreadful NFP results - ING

Rob Carnell, Research Analyst at ING, suggests that a uniformly dreadful September US labour report effectively buries any hopes for an October rate hike from the Fed, with the headline payrolls rising by only 142K, and the August data being revised lower (not higher as has been in every August release since 1999) to 136K from an initial 173K.