The British Pound weakens against the US Dollar ahead of key US jobs data, with Fed rate hike expectations supporting the greenback.
The GBP/USD pair fell to around 1.3240 during Asian trading on Tuesday, extending losses below the 1.3250 level. The decline comes as traders await US jobs data, which could influence Federal Reserve policy decisions.
Expectations of a potential Fed rate hike have provided support to the USD, contrasting with the Bank of England’s steady rate path. The pair’s movement reflects broader market sentiment ahead of economic releases later this week.
No immediate market reaction was reported, with focus shifting to upcoming US employment figures for further direction.