GBP/USD: Pound Sterling Rises as US Dollar Softens, Eyes 1.2800
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The Pound Sterling (GBP) gains against a weakened US Dollar (USD) as soft US jobs data fuels expectations of earlier Fed rate cuts. GBP/USD currently trades at 1.2756. Recent US economic releases, including Initial Jobless Claims and JOLTS data, signal a cooling labor market. This supports the view that the Fed may ease its rate […]