The Pound Sterling (GBP) has weakened against the US Dollar (USD), with the GBP/USD currency pair dropping to around 1.3190 during the European trading session on Tuesday. This decline comes as the US Dollar builds on its recovery from Monday, despite disappointing ISM Manufacturing Purchasing Managers' Index (PMI) data for November, which typically signals sluggish growth in the manufacturing sector.
The market's focus remains on the upcoming US ADP Employment data, which could further influence the exchange rate. As traders await these crucial economic indicators, the USD's strength poses challenges for the GBP, indicating potential volatility in the currency pair in the near term. The interplay between employment data and manufacturing metrics will likely shape trading strategies moving forward.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-02 11:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.