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May 2, 2025

GBP/USD at a Crossroads: Will It Hold 1.33 Until NFP?

Market attention has shifted to the Pound US Dollar (GBP/USD) exchange rate as traders await critical US labor data. The April Non-Farm Payrolls are projected to show a significant drop in job creation, slipping from 228,000 positions to an estimate of just 130,000. Given this slowdown, analysts predict potential implications for the GBP/USD rate. With the unemployment rate also expected to rise, maintaining the 1.33 price point will be crucial for market sentiment. Keep an eye on these figures as they may impact market directions significantly in the near term.

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