- The GBP/USD maintains profits about 1,3616, the highest level since February 2022.
- Non -agricultural payrolls of the US are expected to have added 130,000 jobs in May.
- The GBP receives support since Trump granted temporary relief to exporters from the United Kingdom of the high tariffs of 50% USA on steel and aluminum.
The GBP/USD maintains its position about 1,3616, the highest level since February 2022, which was recorded on June 5. At the time of writing, the PAR quotes around 1,3570, with few movements before the US labor market data (USA).
The American dollar index (DXY), which measures the value of the US dollar compared to six main currencies, is raising up to 98.80 at the time of writing. The next non -agricultural payrolls of the US are expected to have added 130,000 jobs in May, below the increase of 177,000 in April. It is also expected that the unemployment rate will remain stable at 4.2%.
The initial weekly applications of unemployment subsidy increased to 247,000, above the expected 235,000, according to the data published by the US Department of Labor The US employment in the US ADP private sector increased by 37,000 in May, compared to an increase of 60,000 (reviewed from 62,000) registered in April, well below the expectation of the market of 115,000.
The Economist of UBS, Paul Donovan, said that the president of the Federal Reserve (Fed), Jerome Powell, faces challenges when deciding on monetary policy amid the growing uncertainty of the US economy. The risk of error in politics increases as Powell insists on the dependence of the data. The policy operates with a lag, and the data in real time, which are unreliable, are usually a bad option.
The GBP/USD pair receives support since the sterling pound (GBP) finds support in the midst of an increase in the feeling of risk in the United Kingdom markets (UK) after the executive order signed on Tuesday by the president of the USA, Donald Trump. The United Kingdom exporters still face the tariff rate of the previous 25%, since Trump granted temporal relief to the United Kingdom of the high tariffs of 50% of the US about steel and aluminum.
Economic indicator
Non -agricultural payrolls
The most important result contained in the report on the employment situation is the monthly change in non -agricultural payrolls published by the US Department of Labor. The report publishes the employment creation estimates of the previous month and reviews in the data of the previous two months. Monthly changes in payrolls can be very volatile and the publication of this report generates high volatility in the dollar. A result superior to the market consensus is bullish for the dollar, while a result lower than expectations is bassist.
Read more.
Next publication:
Old Jun 06, 2025 12:30
Frequency:
Monthly
Dear:
130K
Previous:
177K
Fountain:
US Bureau of Labor Statistics
The United States Monthly Employment Report is considered the most important economic indicator for foreign exchange operators. Published the first Friday following the informed month, the change in the number of employees is closely related to the general performance of the economy and is monitored by those responsible for the formulation of policies. Full employment is one of the mandates of the Federal Reserve and considers the evolution of the labor market by establishing its policies, which affects the currencies. Despite several advanced indicators that shape estimates, non -agricultural payrolls tend to surprise markets and trigger substantial volatility. The real figures that exceed consensus tend to be bulls for the USD.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
