The Pound Sterling advances on Thursday during the North American session, up 0.25% after US economic data revealed that the labour market remains solid, despite a weaker Nonfarm Payrolls in July. The GBP/USD trades at 1.3639 after reaching a daily low of 1.3594.
GBP/USD rises as UK inflation offsets solid US labor data
The Greenback has recovered some ground after posting losses, following the US Department of the Treasury’s announcement of a bond buyback program. The Treasury’s goal is to provide liquidity for the long end of the curve, but markets interpreted the move as a form of Yield Curve Control (YCC).
The US Dollar Index (DXY), which…
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