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GBP/USD rises modestly after NFP

FXStreet (Córdoba) - GBP/USD rose modestly following the release of US employment numbers. The pair climbed initially to 1.5850 reaching a fresh daily high, but then pulled back and it was trading around 1.5830, slightly above the level it had before the report.

According to the US Department of Labor, the economy created 214.000 jobs in October; analysts were expecting on average an increase of 231.000; the unemployment rate fell from 5.9% to 5.8%.

Despite rising versus the US dollar, the pound reached fresh lows against the Euro and commodity currencies after the report, dropping particularly against the loonie, that soared following a better-than-expected Canadian employment report.

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