The Pound Sterling (GBP) experienced a decline on Friday, with the GBP/USD currency pair falling below the 1.3450 mark after the release of December's Nonfarm Payrolls report. The mixed results prompted traders to scale back their expectations for a potential interest rate cut by the Federal Reserve in January. At present, GBP/USD is trading at 1.3412, having peaked at 1.3451 earlier in the session.
This retreat in the exchange rate highlights the market's reaction to economic data, which has significant implications for both the USD and GBP. As traders recalibrate their positions, the focus will remain on upcoming economic indicators that could further influence interest rate outlooks and trading strategies in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 16:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.