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Forex

GBP/USD Rebounds as Soft Jobs Data Cools USD Gains

Guavy AI Editorial Team
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USD GBP
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The British Pound (GBP) has seen some recovery against the US Dollar (USD) on Tuesday, rising by 0.14% as the market digests soft jobs data from the US.

The GBP/USD pair now trades at 1.3451 after rebounding from a low of 1.3419.

A mild risk appetite and cautiousness ahead of key US labour market releases are contributing to the Pound's recovery, while uncertainty surrounding US-Iran talks is driving traders towards safe-haven currencies like the USD.

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