GBP/USD collapses to new 4-week lows at 1.2059

GBP/USD collapses to new 4-week lows at 1.2059

GBP/USD nosedives and extended its losses past the 50 and 200-day Exponential Moving Average (EMA) on Friday after a surprisingly strong jobs report from the United States (US) that increased speculations that the Federal Reserve (Fed) could raise rates back above...