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April 29, 2025

GBP/USD Climbs on Positive UK Economic Data

Looking ahead, the primary driver for the Pound to US Dollar exchange rate will likely be the upcoming release of the latest US jobs data. The forecast suggests that the latest JOLTS job openings will show another decline, which could negatively impact USD exchange rates. If the data raises concerns about the US economy, traders may adjust their positions accordingly. The perception of economic strength will continue to shape the direction of GBP/USD throughout the trading session.

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