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British Pound / U.S. Dollar

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British Pound / U.S. Dollar forum


GBPUSD Pound Sterling set for third straight week of losses amid growing UK labor market concerns

The Pound Sterling (GBP) ticks up slightly on Friday, but remains near an over two-month low around 1.3375 during the European trading session The outlook of the GBP/USD pair, which is set to close in the red for a third consecutive week, remains vulnerable due to growing concerns about the...

GBPUSD
Pound Pressured by Firm Dollar and UK Data Review
The British pound held near $1.339 on Friday, its lowest level in eight weeks, as the U.S. dollar strengthened. The dollar reached a three-week high after President Trump confirmed he would not remove Fed Chair Jerome Powell, despite continued criticism of the Fed’s careful stance on rate cuts. In the UK, markets are closely reviewing recent employment and inflation data. While the labor market shows signs of weakness, updated tax records suggest the slowdown may not be as severe as previously thought.

Resistance is at 1.3535, while support holds at 1.3380.
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GBPUSD one more drop to perhaps tap into the weekly BUY AOI and then we can see movement up or continue bearish - all depends on how this weekly candle close now
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GBPUSD why is this silly currency rising again.
the unemployment results were enough to fatally wound it. but some how rising. enough.
my shorts are waiting