The GBP/USD currency pair experienced a decline for the third consecutive day on Thursday, slipping 0.10% amid stronger-than-expected US jobs data. This robust labor market report bolstered the US Dollar (USD), raising concerns about potential Federal Reserve (Fed) rate cuts being further off than previously anticipated.
As traders adjusted their positions, the exchange rate reflected the mounting strength of the USD against the Pound Sterling (GBP). The implications of this labor market data suggest a more resilient economic outlook, keeping monetary policy tightening on the table. As the market digests these developments, attention will likely shift to upcoming economic indicators that could influence future trading decisions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-08 16:58
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.