GBP/USD Forecast: Further losses below 1.5219, Eyes Non-farm payrolls

The cable suffered the loss for the 8th consecutive session on Thursday as the ECB’s jawboning of the EUR kept EUR and other European currencies under pressure. The losses in the cable were capped around 1.5219 due to the drop in the EUR/GBP cross. The slight rise in the US weekly initial jobless claims and drop in the monthly trade deficit failed to have an impact on the cable. However, a better than expected US ISM non-manufacturing data for August did ensure the bid tone on the USD remained intact, ensuring the spot closed lower at 1.5255. NFP above 200K
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