United States ADP Employment Change registered at 169K, below expectations (200K) in April

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GBP/USD: Rebound stalls near 10-DMA

The GBP/USD rebounded from the low of 1.5149 on the back of an upbeat UK services PMI report, although the gains are once again being capped at its 10-DMA located at 1.5233.
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US Private sector added 169K jobs in March – ADP

The data released by the Automatic Data Processing, Inc, (ADP) showed the US private sector added far less jobs in April than the consensus estimate, thereby contradicting the Fed’s view that the jobs growth could remain robust despite slowdown in the first quarter.
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