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- Market rates at publication:
GBP/EUR: 1.1780 | GBP/USD: 1.3634
- Bank transfer rates:
1.1550 | 1.3352
- Specialist transfer rates:
1.1720 | 1.3566
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The Dollar sold off against the Euro and Pound in the wake of the release of the U.S. jobs report for September which came in softer than economists were expecting.
The headline nonfarm payrolls report saw 194K jobs added in September, far fewer that the consensus forecast of 500K, and lower than the 366K reported in August.
The miss saw the Dollar move lower, aiding a rally in the Pound-to-Dollar exchange rate to 1.3643 and the Euro-Dollar exchange rate to 1.1570.
“A very tepid jobs report. The lingering impact of the #DeltaVariant is evident in leisure and education (renewed school closures). Things will undoubtedly get better from here, but the number will complicate things for the Fed,” says Carl R….