{"id":102957,"date":"2020-08-07T03:00:57","date_gmt":"2020-08-07T02:00:57","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102957"},"modified":"2020-08-07T12:26:10","modified_gmt":"2020-08-07T11:26:10","slug":"103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/","title":{"rendered":"GBP\/USD: Pound Targets $1.31 Ahead of US Jobs Report"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) pares yesterday\u2019s BoE rally<\/strong><\/li>\n<li><strong>Brexit concerns return to drag on the Pound amid concerns of London\u2019s financial gateway status<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises on safe haven flows after Trump moves to ban TikTok &amp; WeChat<\/strong><\/li>\n<li><strong>US Jobs report expected to show 1.6 million jobs created in July<\/strong><\/li>\n<\/ul>\n<p>After two consecutive days of gains, the Pound US Dollar exchange rate is trending lower on the final trading da of the week. The pair settled on Thursday +0.26% at US$1.3149. At 06:15 UTC, GBP\/USD trades -0.2% at US$1.3119.<\/p>\n<p>So far, GBP\/USD is on track for 0.2% gains across the week, which would mark the third straight week of gains.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time GBP to USD exchange rate<\/span><\/a><\/div>\n<p>The Pound is losing grip of yesterday\u2019s Bank of England inspired gains. The central bank kept interest rates on hold at 0.1%, as expected. The BoE was also less dovish than expected over the UK economic outlook, upwardly revising GDP to -9.5% in 2020, up from -14%.<\/p>\n<p>With the BoE in the rear view mirror Brexit woes have returned to drag on the Pound, with London\u2019s financial gateway status in question. As Brussels attempts to limit the activities that can be carried out from London, more businesses and jobs are crossing over to the EU.<\/p>\n<p>The US Dollar has shot higher in early trade on safe haven flows after President Trump takes aim at Chinese tech stocks. The White House announced the ban of two popular Chinese apps, Tencent\u2019s WeChat and ByteDance\u2019s TikTok.<\/p>\n<p>The move will heighten already strained tensions between Trump and Beijing. The mood across the financial markets has soured and investors are moving out of riskier assets and currencies and into safe havens such as the US Dollar.<\/p>\n<p>All eyes will now turn towards the US non-farm payrolls. The closely followed US jobs report is expected to show that 1.6 million jobs were created in the US in July. However, weak lead indicators from ADP payrolls and the employment subcomponent of the ISM non-manufacturing report point to a downbeat reading. The resurgence of coronavirus in the US since mid-June is showing signs of impacting the labour market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) pares yesterday\u2019s BoE rally Brexit concerns return to drag on the Pound amid concerns of London\u2019s financial gateway status US Dollar (USD) rises on safe haven flows after Trump moves to ban TikTok &amp; WeChat US Jobs report expected to show 1.6 million jobs created in July After two consecutive days of gains, [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5645,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1394,1583,2645,3075,1398,3076],"class_list":{"0":"post-102957","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-gbp","10":"tag-non-farm-payroll","11":"tag-poound","12":"tag-tiktok","13":"tag-usd","14":"tag-wechat"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD: Pound Targets $1.31 Ahead of US Jobs Report - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD: Pound Targets $1.31 Ahead of US Jobs Report\",\"datePublished\":\"2020-08-07T02:00:57+00:00\",\"dateModified\":\"2020-08-07T11:26:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\\\/\"},\"wordCount\":389,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100662-gbp-usd-no-surprise-us-fed.jpg\",\"keywords\":[\"gbp\",\"non farm payroll\",\"Poound\",\"TikTok\",\"usd\",\"WeChat\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\\\/\",\"name\":\"GBP\\\/USD: Pound Targets $1.31 Ahead of US Jobs Report - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100662-gbp-usd-no-surprise-us-fed.jpg\",\"datePublished\":\"2020-08-07T02:00:57+00:00\",\"dateModified\":\"2020-08-07T11:26:10+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100662-gbp-usd-no-surprise-us-fed.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100662-gbp-usd-no-surprise-us-fed.jpg\",\"width\":725,\"height\":400,\"caption\":\"gbp-british-pound-coin - GBP\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/USD: Pound Targets $1.31 Ahead of US Jobs Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/USD: Pound Targets $1.31 Ahead of US Jobs Report - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"GBP\/USD: Pound Targets $1.31 Ahead of US Jobs Report","datePublished":"2020-08-07T02:00:57+00:00","dateModified":"2020-08-07T11:26:10+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/"},"wordCount":389,"image":{"@id":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100662-gbp-usd-no-surprise-us-fed.jpg","keywords":["gbp","non farm payroll","Poound","TikTok","usd","WeChat"],"articleSection":["GBP","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/","url":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/","name":"GBP\/USD: Pound Targets $1.31 Ahead of US Jobs Report - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100662-gbp-usd-no-surprise-us-fed.jpg","datePublished":"2020-08-07T02:00:57+00:00","dateModified":"2020-08-07T11:26:10+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100662-gbp-usd-no-surprise-us-fed.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100662-gbp-usd-no-surprise-us-fed.jpg","width":725,"height":400,"caption":"gbp-british-pound-coin - GBP"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103798-gbp-usd-pound-targets-1-31-ahead-of-us-jobs-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/USD: Pound Targets $1.31 Ahead of US Jobs Report"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100662-gbp-usd-no-surprise-us-fed.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/102957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=102957"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/102957\/revisions"}],"predecessor-version":[{"id":102962,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/102957\/revisions\/102962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5645"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=102957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=102957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=102957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}