GBP Steady Near $1.3460 Amid Anticipation for US Jobs Data

The British Pound has been trading steadily near $1.3460 against the US Dollar on Thursday, with investors waiting for crucial US jobs data to be released on Friday.

Despite some fluctuations earlier in the week, the pair has remained within a tight 100-pip band, with resistance near $1.3500 and support above $1.3400.

The upcoming July Nonfarm Payrolls release is expected to have a significant impact on the market, with economists predicting a modest hiring increase of +65k compared to June's +57k.

Deutsche Bank economists are among those forecasting this growth rate, which could potentially suppress the US Dollar and provide a catalyst for a bullish breakout above $1.3500.