- GBP/USD witnessed heavy selling for the second successive day amid a blowout USD rally.
- The worsening situation in Ukraine, upbeat NFP report continued underpinning the USD.
- Technical selling below the 1.3270 area aggravated the bearish pressure around the pair.
The GBP/USD pair continued lowing ground through the early North American session and weakened further below mid-1.3200s in reaction to upbeat US monthly jobs report. The pair was last seen trading around the 1.3240-1.3235 region, down nearly 0.80% for the day.
The pair added to the overnight losses and continued losing ground for the second successive day on Friday amid a blowout US dollar rally, bolstered by the global flight to safety. The Russian attack on Ukraine’s Zaporizhzhia nuclear power plant – the largest of its kind in Europe – raised fears of an environmental catastrophe. This, in turn, unnerved investors and boosted demand for traditional safe-haven assets.