Pound Falls Below 1.3450 as Markets Await US Jobs Report

The British pound has slipped below the 1.3450 mark against the US dollar as markets become increasingly cautious ahead of the release of the US Nonfarm Payrolls (NFP) report.

According to market context, sterling is under pressure due to a risk-off tone in global markets, with investors paring back positions before the jobs data.

The US dollar index has held firm near 104.20, supported by safe-haven demand and expectations that the Federal Reserve may keep rates higher for longer.