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Forex

GBP/USD Cautious Ahead of US NFP Data Release

Guavy AI Editorial Team
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USD GBP
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The GBP/USD pair is experiencing a mild bullish bias as it remains capped near mid-1.3500s in the early European session on Friday, ahead of the release of the US Nonfarm Payrolls (NFP) data.

The closely watched US monthly employment details will provide cues about the US Federal Reserve's future policy path and drive the US Dollar (USD), which could give a fresh impetus to the GBP/USD pair.

Apart from this, persistent geopolitical uncertainties amid renewed US-Iran hostilities are underpinning the safe-haven USD.

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