GBP/USD Forecast: Pound Ticks Higher vs Dollar Despite Strong US Labour Data

GBP/USD Forecast: Pound Ticks Higher vs Dollar Despite Strong US Labour Data

February 6, 2025 – Written by Tim Boyer

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The Pound US Dollar exchange rate firmed on Wednesday following the release of the US’s latest ADP employment change.

At the time of writing, GBP/USD was trading at approximately $1.2532, up roughly 0.4% from the start of Wednesday’s session.

On Wednesday, the US Dollar (USD) lost ground against most of its counterparts following the release of the latest ADP employment…
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