Open account

GBP/USD Climbs to 1.3310 as Dollar Weakens Ahead of NFP

GBP/USD has firmed to 1.3310 as the US dollar softens ahead of Thursday’s June nonfarm payrolls release. The rebound follows a plunge to an 11-week low near 1.3140 after the hawkish Fed, Keir Starmer’s resignation, and weak UK data. Recent support has come from Andy Burnham’s fiscal-discipline pledge easing UK political risks and softer US data reducing safe-haven demand for the dollar. Markets now price a weaker 110K jobs print, keeping the near-term bias tilted toward further GBP gains if NFP disappoints.

Category

GBP/USD

Sentiment

Mixed

Event

Forecast

Reading time

1 min