The recent rise in the GBP/USD pair illustrates some strength linked to the weakening U.S. dollar, though caution is advised regarding the trend's sustainability.
Monitoring the 1.3050-1.3045 support levels is crucial in determining the short-term price direction for GBP/USD amid mixed economic data.
While U.S. rate cut expectations provide some dollar support, markets seek clearer indications from the Federal Reserve alongside economic and geopolitical developments.
The UK unemployment data showed a rise but may indicate a positive aspect for inflation control, thereby giving the Bank of England confidence in rate cuts.
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