FXstreet.com (Barcelona) - The Sterling has fallen further against the Greenback during the European session to break previous intra-day low at 1.5865 and trade close to 1.5840. Currently the pair is trading around 1.5840/50, 0.60% lower than opening price action at 1.5941.
GB/USD has continued with is decline from 1.6125 high on Sept 30, as the pair's attempt to bounce from 1.5880 was capped at 1.5950, and the Pound moved down to session low at 1.5840.
According to Steve Nigg, Analyst at Swiss e Trade, everyone is waiting for Non-Farm payrolls: Cable is currently trading lower at 1.5880 which is in-line with today's equity markets sell-off. Expectations are for the pound to fall further today, especially if the U.S. job numbers disappoint. Any move below 1.5840 could take the market to 1.5750 in today's trading.