Currency Analyst since 2010

GBP rose on the election results

US dollar has revived after data on Thursday showed that the number unemployment claims in the US held near a 15-year low last week. The market’s awaiting the release of the American Non-Farm Payrolls figures at 12:30 GMT. According to the forecast, NFP rose by 224K in April after increasing by only 126K in May. EUR/USD has drifted down to 1.1190. German industrial production contracted by 0.5% in March. USD/JPY rose to 120.00.

GBP/USD surged to $1.5522 before returning to 1.5440. According to the first results of the UK election, Prime Minister David Cameron’s Conservative Party is farther ahead of its main competitor – the Labour Party – than expected. Conservatives could get 325 out of the 650 seats in the Parliament.

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