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Pound Sterling Price News and Forecast: GBP/USD rises as US shutdown prolongs, Fed data gap grows
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FXStreet Forex & Commodities News
GBP/USD rises as US shutdown prolongs, Fed data gap growsThe Pound Sterling advances some 0.26% on Friday as the US government began its third day of shutdown and skipped the release of Nonfarm Payroll figures for September.
Purchasing Managers Index (PMI), data from S&P Global and ISM in the US, are the main drivers of price action.
The GBP/USD trades at 1.3471 after bouncing off daily lows of 1.3427.
Pound Sterling flattens against US Dollar on absence of US key economic data releasesThe Pound Sterling (GBP) trades in a tight range around 1.3440 against the US Dollar (USD) during the European trading session on Friday.
Read More... GBP/USD strengthens above 1.3430 as traders weigh impact of US government shutdown