The Pound Sterling (GBP) is trading near its weekly low against the US Dollar (USD), hovering around the exchange rate of 1.3420 during the European trading session on Friday. Market participants are closely watching the upcoming US Non-Farm Payroll (NFP) data, which is expected to impact the currency pair significantly.
As traders position themselves ahead of the NFP report, volatility may increase, potentially driving the GBP/USD pair further down if the data indicates a stronger labor market. With the current exchange rate near critical technical levels, investors will focus on how the US economic indicators will influence the USD’s strength and the broader forex market dynamics.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 12:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.