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BTCC / BTCC Square / Global Cryptocurrency /
Pound Rebounds Amid Mixed US Labor Data and BoE Rate Cut Expectations

Pound Rebounds Amid Mixed US Labor Data and BoE Rate Cut Expectations

Author:
Global Cryptocurrency
Published:
2025-05-05 09:02:02
10
1

The British pound stabilizes near $1.3285 after a four-day slump, finding footing despite stronger-than-expected US nonfarm payrolls adding 177K jobs in April. market sentiment remains fragile as the dollar fails to capitalize on labor strength, weighed down by fading trade tensions and speculation of Fed dovishness.

UK economic headwinds persist with S&P Global’s manufacturing PMI signaling a seventh consecutive contraction. Traders now price in a 25bps Bank of England rate cut by August, creating asymmetric pressure on GBP crosses. Technicals show GBP/USD trapped between its 50-day moving average and the 1.3200 support level - a breakout either way could determine the next macro trend.

|Square

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