GBP/USD edges lower amid Middle East crisis
The GBP/USD pair has moved away from a three-week high, influenced by the ongoing Middle East crisis and efforts to reopen the Strait of Hormuz.
The US Dollar is recovering from its post-NFP swing low, supported by persistent uncertainties in the region.
The US monthly jobs data showed a loss of 23K jobs in July, with the previous month’s reading revised lower to 20K from 57K, indicating a cooling labor market.