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GBP/USD recovers ground after NFP

FXStreet (Córdoba) - Weak employment data from the US weakened Greenback across the board and pushed GBP/USD back above 1.6300. The pair was trading at 7-month lows at 1.6280 and jumped to 1.6330 after the NFP report.

Price was unable to break 1.6330 so far, but remains above 1.6300, trading around the same level it closed yesterday.

According to the Labor Department, the US economy created 142.000 jobs in August, below the 225.000 analysts were expecting. The unemployment rate fell from 6.2% to 6.1%.

US: Annual US Labor Force Participation Rate ticks down to 62.8% in August

The US Labor Force Participation Rate fell slightly to 62.8% in August from 62.9% seen in July, the US Department of Labor reported on Friday.
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Canada: Employment falls 11K in August, against forecasts

Net employment in Canada dropped by 11K in August, following the 0.2K rise registered the previous month, Statistics Canada reported today. Consensus pointed to a 10K increase.
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