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May 1, 2025

GBP USD Weakened Ahead of Important Economic Data Release

The GBP USD pair continues its decline, trading around 1.3310 during the Asian trading session. Market participants are appearing cautious ahead of the US Institute for Supply Management’s Manufacturing Purchasing Managers Index (PMI), scheduled to be released later today. This economic data could significantly influence short-term currency movements, and traders should be prepared for volatility as it approaches.

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