The GBP/USD currency pair encountered resistance near the 1.3500 level, trading at 1.3486, down 0.10% for the day. The movement follows a robust employment report from the United States, which bolstered the USD, as well as a prevailing risk-off sentiment in the market. Earlier, the pair reached a daily high of 1.3517 before facing downward pressure.
Amid a lack of significant economic data from the UK, traders are closely monitoring the implications of US economic strength on the exchange rate. The ongoing volatility in the forex market underscores the influence of macroeconomic factors, particularly as the USD gains traction against the Pound Sterling. As market participants reassess their positions, the GBP/USD remains vulnerable to fluctuations influenced by broader economic developments.
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Data Source: FX Killer Analysis Team Updated: 2026-01-07 15:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.