Sterling holds above 1.39 ahead of BoE decisions
Sterling rose in European trade against dollar, holding above 1.3900, while the dollar declines against most rivals ahead of Bank of England's policy decisions later today.
GBP/USD rose 0.1% to 1.3913, with an intraday low at 1.3885, after closing up 0.1% yesterday, the second profit in three days away from three-week lows at 1.3800.
The dollar index fell 0.15% on Thursday for another session against a basket of major rivals.
The dollar index took a hit after several Fed officials ruled out tightening monetary policy soon, and that full recovery from the coronavirus is still a long way ahead.
Bank of England will release it policy decisions later today, expected to maintain rates at 0.10%, while also maintaining the assets purchases program unchanged at 895 billion pounds a month.
Dow Jones keeps gains, closes at new record
Most US stock indices rose on Wednesday, amid optimism about the US economic growth following the release of positive economic data.
ADB data showed today that the US private sector added 742K new jobs in April, the largest monthly rise since September, missing forecasts of 872K.
The data comes two days ahead of the US Labor Department's monthly jobs report for April.
The ISM US services PMI fell to 62.7 points in April from 63.7 points in March, worse than forecasts of 64.2 points.
To the oil market, WTI crude June futures fell 0.1% or 6 cents, and closed at $65.63 a barrel, after hitting a day high of $68.7 and a low of $64.9.
Brent June futures rose 0.1% or 8 cents, and closed at $68.96 a barrel, after hitting a high of $69.9 and a low of $68.3.
As for stocks, Dow Jones rose 0.3% or 97 points, and closed at 34,230, with a day high of 34,331, and a low of 34,039.
Nasdaq fell 0.4% or 51 points to 13,582, with a high of 13,753 and a low of 13,553 points.
S&P 500 rose 0.1% or 3 points to 4,167, after hitting a high of 4,187 and a low of 4,160.
Dollar steadies after US private sector jobs data
The US dollar held against most major currencies on Wednesday after the release of positive jobs data.
Major tech shares fell yesterday, but recovered partially today, and turned higher.
ADB data showed today that the US private sector added 742K new jobs in April, the largest monthly rise since September, missing forecasts of 872K.
The data comes two days ahead of the US Labor Department's monthly jobs report for April.
The ISM US services PMI fell to 62.7 points in April from 63.7 points in March, worse than forecasts of 64.2 points.
The dollar index held against a basket of currencies at 91.3 points as of 19:16 GMT, after it hit a high of 91.4 points and a low of 91.1 points.
Gold ends higher after lower-than-expected data
Gold futures rose on Wednesday, while the US dollar held against most of its peers after the release of lower-than-expected economic data in the US.
ADB data showed today that the US private sector added 742K new jobs in April, the largest monthly rise since September, missing forecasts of 872K.
The data comes two days ahead of the US Labor Department's monthly jobs report for April.
The ISM US services PMI fell to 62.7 points in April from 63.7 points in March, worse than forecasts of 64.2 points.
The dollar index held against a basket of currencies at 91.3 points as of 19:35 GMT, after it hit a high of 91.4 points and a low of 91.1 points.
Gold June futures rose 0.5% or $8.30, and closed at $1,784.3 an ounce.