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June 6, 2025

GBP/USD Remains Above Key Support Level Ahead of Employment Data

The GBP/USD currency pair maintained its strength, hovering above the 1.3550 level in anticipation of the US Nonfarm Payroll report. Observing the latest trading data, the pair remains near its highest mark since February 2022 recorded earlier at 1.3616. Small daily movements indicate a cautious approach among traders as they await essential labor market insights from the US. These forthcoming statistics will likely dictate currency fluctuations, making it crucial for investors to remain engaged and ready for potential shifts. Given current market behavior, GBP/USD remains a critical indicator for many traders.

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