FXstreet.com (Barcelona) - With the Dollar falling across the board on the back of the worse than expected nonfarm payrolls data in US during December released today, the Sterling is gaining momentum against the Greenback. The GBP/USD has jumped from 1.5970 to break MA200 hourly at 1.6010 and 1.6060 resistance and reach fresh intra-day high at 1.6080.

The US nonfarm payrolls for December fell by 85,000, demonstrating that sustained job growth remains elusive for the world's largest economy. This result reverses two months of declining job losses and is well behind the markets expectations of a more marginal loss in the range of 2,000 positions.