Mixed signals from US and Iranian officials weigh on the British Pound as traders await US jobless claims data later Thursday.
The GBP/USD pair fell to near 1.3460 in early European trading, pressured by conflicting statements on a potential US-Iran deal. Market sentiment soured after US and Iranian officials offered divergent views on negotiations, adding to volatility.
US private-sector employment rose by 44K in July, missing the 70K consensus and down from June’s 98K gain. The weaker-than-expected ADP report raised concerns about US labor market strength, potentially limiting USD support ahead of Friday’s key employment data.
Traders are also monitoring comments from US and Iranian officials. While President Trump described talks as productive, Vice President Vance warned of prolonged negotiations. Iran denied direct talks with Washington but confirmed discussions with Oman on reopening the Strait of Hormuz.