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fxAug 6, 2026, 4:11 PM

Pound Holds Firm vs Dollar Despite Upbeat US Jobs Data, Eyes on NFP

GBP/USD steadied near 1.3466 on Thursday, bouncing off session lows, as robust US labor figures set the stage for Friday's Nonfarm Payrolls report.

GBPUSD

The British pound held its ground against the US dollar during the North American session, even as strong jobs data underscored a solid labor market. After dipping to daily lows, GBP/USD recovered to trade around 1.3466.

Thursday's employment figures reinforced expectations that the Federal Reserve will keep policy tight, initially pressuring the pair before buyers stepped in. The rebound suggests the pound retains support ahead of the key event risk.

All attention now turns to Friday's Nonfarm Payrolls release, which will likely shape near-term direction for the dollar and the broader FX market.

Source: FXStreet Forex News