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fxJul 3, 2026, 4:40 AM

GBP/USD Rises Above 1.3350 but Capped Below 100-Day MA

The GBP/USD pair is trading higher near 1.3360 during early European trade on Friday, supported by a weaker-than-expected US Nonfarm Payrolls report. However, gains remain limited below the 100-day moving average.

GBPUSD

The British pound gained ground against the US dollar on Friday, with GBP/USD hovering around 1.3360 in early European trading. The move higher followed a softer-than-anticipated US Nonfarm Payrolls (NFP) release, which weighed on the greenback.

Despite the positive momentum, the pair remains capped by the 100-day simple moving average, indicating resistance in the near term. Traders are watching for further catalysts, including any additional US economic data or central bank comments.

Source: FXStreet Forex News