The British Pound rises as traders await June US job openings data, a key precursor to Friday’s Nonfarm Payrolls report.
The British Pound (GBP) advanced against the US Dollar (USD) on Tuesday, touching session highs above 1.3440 after stabilizing near 1.3420. A cautious market tone, driven by hopes of diplomatic progress in Iran and anticipation of US labor data, kept USD bulls in check.
Focus shifts to the US JOLTS Job Openings report for June, due later today. The data will shape expectations for Wednesday’s ADP Employment Change and Friday’s Nonfarm Payrolls release. Economists forecast a mixed report, with employment growth of +65k and an Unemployment Rate holding at 4.2%, though risks lean toward a slight uptick to 4.3%.
Analysts note the data will be critical for assessing the Federal Reserve’s next policy moves, with markets seeking confirmation of labor market resilience.