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ADP payroll report risks a stronger outcome – KBC

FXStreet (Barcelona) - According to KBC Bank, the US ADP payroll report might continue its upward trend and print a 225k gain in March.

Key Quotes

“The ADP employment report is expected to show a continuation of the recent trend. Private sector employment is forecast to have increased by 225 000 in March, following a 212 000 jump in February.”

“Weather conditions were less poor and the early timing of Easter might be a positive factor. Therefore, we see risks for a stronger outcome.”

GBP/USD dives deep in red below 1.48

GBP/USD erased previous gains and slipped in to negative territory as traders completely ignored impressive UK manufacturing PMI reading while USD bulls jumped back in to bids in the mid-European session.
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