Breaking: GBP/USD crosses 1.2600 to refresh one-year high amid broad US Dollar weakness ahead of US NFP

• GBP/USD takes the bids to refresh multi-day high, up for the third consecutive day.
• US Dollar fails to cheer mostly firmer data amid dovish Fed concerns.
• Hawkish BoE concerns, cautious optimism in the market adds strength to the Cable pair’s rally.
• US jobs report for April eyed for clear directions.

GBP/USD rises for the third consecutive day to prod the late May 2022 high, piercing the 1.2600 threshold during early Friday. In doing so, the Cable pair cheers broad US Dollar weakness, as well as recently upbeat UK data, ahead of the key US Nonfarm Payrolls (NFP).

More to come

Technical analysis

A clear upside break of a one-month-old resistance line near 1.2600 keeps GBP/USD buyers directed towards the mid-2022 peak of around 1.2665.