The Pound Sterling (GBP) has continued its downward trend against the US Dollar (USD) for the third consecutive day, trading around the exchange rate of 1.3450 during the European session on Thursday. Traders are closely monitoring the market as sentiment shifts in anticipation of the upcoming Non-Farm Payroll (NFP) data from the United States, which could significantly impact the USD's strength.
As the GBP faces pressure, analysts are assessing the factors contributing to the currency pair's decline. Market participants are particularly attentive to economic indicators that could shape the Federal Reserve's monetary policy decisions. A stronger-than-expected NFP report may further bolster the USD, exacerbating the GBP's challenges in maintaining upward momentum against its American counterpart.
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Data Source: FX Killer Analysis Team Updated: 2026-01-08 08:58
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.