GBP/USD trades with mild losses around 1.3340
The GBP/USD pair is trading with mild losses due to ongoing tensions in the Middle East and rising bets of a US interest rate hike.
The US economy posted strong job gains in May, with Nonfarm Payrolls rising by 172K, following a 179K increase and beating the forecast of 85K.
This robust jobs data has reignited expectations that the Fed may raise interest rates later this year, lifting the USD.
The Bank of England governor delivered dovish remarks, saying the UK central bank is in no rush to raise interest rates