Pound Weakens as Robust U.S. Jobs Data Bolsters Dollar
Sterling and the euro retreated on Friday after U.S. labor market figures showed stronger-than-anticipated hiring, reinforcing expectations that the Federal Reserve will keep interest rates elevated for longer and supporting demand for the dollar. GBP/USD traded lower at 1.3413 as of 08:55 ET (12:55 GMT), while EUR/USD eased to 1.1594, with market …