GBP/USD falls to daily lows after US NFP

GBP/USD turned lower and posted fresh daily lows following the release of better-than-expected US employment data.

US nonfarm payrolls report showed the economy added 242,000 new jobs in February, beating expectations of 190,000. Meanwhile, the unemployment rate stood unchanged at 4.9% as expected.

GBP/USD retreated from the 1.4160 zone to a fresh daily low of 1.4106 before finding support. At time of writing, the pair is trading at 1.4115, down 0.40% on the day.