GBPUSD: BUY 1.3655, SL 1.3580, TP 1.3750 | 04 Julio 2025

Event to pay attention to today:

03.07 15:30 EET. USD - Non-Farm Employment Change

03.07 15:30 EET. USD - Unemployment Rate

03.07 15:30 EET. USD - Unemployment Claims

03.07 17:00 EET. USD - ISM Services PMI

GBPUSD:

GBP/USD extended its decline to 1.3625 during Asian trading on Thursday.

UK bonds experienced their biggest sell-off since October 2022, after the UK government's decision to cut benefits and concerns over the future of the finance minister. Rising market concerns over the UK's debt position could put pressure on the Cable in the near term.

As for the Dollar, Wednesday's ADP National Employment Report showed that U.S. private sector jobs fell in June for the first time in more than two years, suggesting that the Federal Reserve (Fed) may cut rates as early as September. Traders will be focused on the U.S. employment data for June.

The US economy is expected to have added 110,000 jobs in June and the unemployment rate is expected to have risen to 4.3% over the same period. If the reports are weaker than expected, it could weigh on the US Dollar and create a tailwind for the major pair.

Trading recommendation: BUY 1.3655, SL 1.3580, TP 1.3750

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