Sterling slid nearly 0.60% against the US Dollar after a strong US Nonfarm Payrolls release pointed to a resilient labour market and revived expectations of further Federal Reserve tightening. The shift in rate bets drove demand for the greenback and pushed the pound through the 1.3400 level.
GBP/USD Performance
GBP/USD was last at 1.3371 after earlier rising to around 1.3463. The move left the pair off its session highs as the payrolls data reshaped short-term monetary policy pricing.