GBP/USD: Nonfarm Payrolls are set to rock the pound

GBP/USD has been edging up and the US Nonfarm Payrolls are set to rock the pound, Yohay Elam, an analyst at FXStreet, informs.

Key quotes

“PM Boris Johnson will lay out the plans only on Sunday evening and these may weigh on the pound.”

“The US and Chinese negotiators were in touch and agreed that progress has been made in implementing the trade deal. A drop in tensions between the world's largest economies has weighed on the safe-haven dollar.”

“An NFP figure closer to -30 million may send stocks tumbling and the dollar higher, while better than expected statistics could weigh on the greenback.”