GBP/USD Forecast: Relief rally unlikely to last long

The GBP/USD pair rose to an intraday high of 1.5237 levels in the NY session on Friday after the horrible US non-farm payrolls number pushed the 2015 Fed rate hike bets out of the window. The US economy created only 142,000 jobs in September, which is 64,000 short of the consensus estimates. The average earnings data disappointed coming in at 0.0% month-on-month. The net revision for the previous two months was down 59,000. The USD quickly suffered a broad based weakness, but managed to take back prt of its losses heading into the weekend. Fed rate hike bets
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