According to Jinshi, analyst Joshua Gibson said that the pound was trading around 1.2795 against the dollar for the third consecutive day. There is no key economic data to be released today, and the pound-dollar exchange rate will be affected by the dollar. The market focus turns to the US non-farm payrolls data for May to be released tonight, which is expected to increase by 185,000 jobs and the unemployment rate is expected to remain stable at 3.9%. Weaker-than-expected employment data may trigger speculation about the Fed's interest rate cut, exerting selling pressure on the dollar.
On the other hand, UK employment data for April and monthly GDP figures are due next week and may provide some hints on expectations for rate cuts from the Bank of England, which is expected to cut rates twice this year and start easing policy from its August meeting.