GBP/USD gained traction for the fourth consecutive session on Friday. Collapsing US bond yields weighed on the USD and remained supportive. The USD bulls failed to gain any respite from stronger headline NFP print. The GBP/USD pair held on to its intraday gains near 2-1/2 week tops – around the key 1.30 psychological mark – and had a rather muted reaction to the US jobs data. The pair added to this week’s positive move and continued gaining traction for the fourth consecutive session on Friday amid the prevailing strong bearish sentiment surrounding the US dollar, which aggravated further in the wake of a plunge in the US Treasury bond yields. Against the backdrop of the coronavirus-led selloff across the global equity markets, the US bond yields were further pressurized by the fact that market participants have started pricing in prospects for another 50 bps Fed rate cut on March 18. The USD bulls failed to gain any respite from the latest US monthly jobs report, which came in to show that the economy added 273K new jobs in February as compared to the previous month’s upwardly revised reading of 273K and surpassed even the most optimistic estimates. On the other hand, the British pound remained supported by diminishing odds of a Bank of England interest rate cut and absent negative Brexit-related headlines. Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD challenges 1.13 post-Payrolls FX Street 3 years GBP/USD gained traction for the fourth consecutive session on Friday. Collapsing US bond yields weighed on the USD and remained supportive. The USD bulls failed to gain any respite from stronger headline NFP print. The GBP/USD pair held on to its intraday gains near 2-1/2 week tops – around the key 1.30 psychological mark – and had a rather muted reaction to the US jobs data. The pair added to this week's positive move and continued gaining traction for the fourth consecutive session on Friday amid the prevailing strong bearish sentiment surrounding the US dollar, which aggravated further in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.