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GBP/USD recovers above 1.5900 after ADP

FXStreet (Córdoba) - GBP/USD rose further above 1.5900 after the release of the ADP report in the US. The pair climbed to 1.5926 reaching the strongest level since early European session.

According to the ADP employment report, the US private sector added 230.000 jobs in October, slightly above the forecast of 220.000 that analyst expected.

GBP/USD gains momentum

Cable is trimming losses and recovering ground after falling to 1-year lows at 1.5867 earlier. Greenback weakened across the board after labor market numbers, but is still holding important gains for the day. The pair remain above 1.5920, but on a wider perspective is still under pressure, still far from the level it had at the beginning of Wednesday.

Wall street to open strong

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USD/JPY reaches 112.85 but slides to 114.50

After a climb to new highs of 7 years in 114.85, the USD/JPY found selling interest that returned it back to trade at 114.50. All this following a good ADP employment report.
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