Pound Holds Steady Ahead of US Jobs Data Release

The pound has maintained its stability ahead of the release of US nonfarm payrolls data on Friday. The sterling was last trading at USD1.3525, showing little change from Thursday's 0.3 percent gain.

The upcoming data is expected to have a significant impact on the dollar's performance over the coming weeks, with traders anticipating a potential boost if the numbers exceed expectations, or a decline if they fall short.

Bank of England Chief Economist Huw Pill has suggested that raising interest rates now would help reduce the need for more aggressive action in the future to combat inflation, which has been rising due to the Iran war.