$GBPUSD Forex Signal: More Downside Amid a Risk-Off Sentiment
Traders have embraced a risk-off sentiment as concerns about the American economy remain. This is evidenced by the fact that the US dollar index jumped by more than 50 basis points in the overnight session.
The main reason for this price action was the American job report published on Friday and the upcoming inflation and Fed minutes numbers. On Friday, data by the Bureau of Labor Statistics showed that the country’s economy added over 236k jobs in March while the unemployment rate dropped to 3.5%.
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