The Pound Sterling gains across the board amid a risk-on market mood.
US President Trump confirms that the ceasefire with Iran is intact.
Investors await the US NFP data for fresh cues on the Fed’s monetary policy outlook.
The Pound Sterling (GBP) trades higher against its major currency peers, is up 0.43% around 1.3610 against the US Dollar (USD), during the European trading session on Friday. The British currency outperforms as demand for risk-sensitive assets remains upbeat amid hopes of a diplomatic solution between the United States (US) and Iran.
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the US Dollar.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
USD | -0.34% | -0.40% | -0.11% | -0.15% | -0.34% | -0.38% | -0.31% | |
EUR | 0.34% | -0.08% | 0.24% | 0.18% | -0.01% | -0.00% | 0.05% | |
GBP | 0.40% | 0.08% | 0.32% | 0.26% | 0.07% | 0.08% | 0.12% | |
JPY | 0.11% | -0.24% | -0.32% | -0.04% | -0.26% | -0.27% | -0.20% | |
CAD | 0.15% | -0.18% | -0.26% | 0.04% | -0.22% | -0.22% | -0.16% | |
AUD | 0.34% | 0.00% | -0.07% | 0.26% | 0.22% | 0.00% | 0.05% | |
NZD | 0.38% | 0.00% | -0.08% | 0.27% | 0.22% | -0.01% | 0.05% | |
CHF | 0.31% | -0.05% | -0.12% | 0.20% | 0.16% | -0.05% | -0.05% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
As of writing, S&P 500 futures are 0.55% higher to near 7,375, reflecting a strong demand for riskier assets ahead of the United States (US) Nonfarm Payrolls (NFP) data for April release at 12:30 GMT. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.3% lower to near 97.95.
The expectation that the month-long ceasefire between the US and Iran is intact remains stable after President Donald Trump confirmed, in an interview with ABC News, that strikes exchanged near the Strait of Hormuz were not meant to restart the war.
Going forward, investors will pay close attention to the US NFP data to get fresh cues on the Federal Reserve’s (Fed) monetary policy outlook. The Fed is expected to hold interest rates at their current levels by the year-end, according to the CME FedWatch tool.
The US NFP report is expected to show that the economy created 62K fresh jobs, significantly lower than 178K in March. The Unemployment Rate is seen as steady at 4.3%. Average Hourly Earnings, a key measure of wage growth, is estimated to have grown at a stronger pace of 3.8% Year-on-Year (YoY) against the previous reading of 3.5%.
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