The British pound (GBP) slipped today as traders turned cautious ahead of key labour market data from the UK. Investors want to see whether the job numbers will show signs of cooling, which could influence the Bank of England’s next moves.
At the same time, markets are also watching fresh economic data from the U.S. Expectations for stronger U.S. numbers have added pressure on the pound, as a firmer dollar often weighs on GBP.
For now, most traders are staying on the sidelines, waiting for clearer signals from both countries before making big moves.
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