The Pound Sterling (GBP) continues its downward trend against the US Dollar (USD), marking a third consecutive day of losses. During the European trading session on Thursday, the GBP/USD exchange rate hovered around 1.3450, reflecting ongoing pressures in the forex market. Traders are closely monitoring economic indicators as the US Non-Farm Payrolls (NFP) report draws near, heightening the focus on US employment data.
This persistent decline in the Pound can be attributed to a combination of factors, including market sentiment and speculations surrounding the Bank of England's monetary policy. As the USD remains buoyed by expectations of a robust NFP report, the exchange rate dynamics suggest that the GBP may face further challenges in the near term. Investors are advised to stay vigilant as the upcoming data could significantly influence forex trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2026-01-08 11:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.