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The Pound Sterling gains further to near 1.3580 against the US Dollar as the Greenback falters on cooling US job demand. Investors await the key US NFP benchmark revision report and the BoE’s Breeden speech. Investors expect a 25-basis-point interest rate cut by the Fed next week. The Pound Sterling (GBP) extends its winning streak for the third trading day against the US Dollar (USD) on Tuesday. The GBP/USD pair posts a fresh three-week high around 1.3580 during the European trading session as the US Dollar slumps ahead of the release of the United States (US) Nonfarm Payrolls (NFP) benchmark revision report, which will be published at 14:00 GMT. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, posts a fresh six-week low around 97.30. Investors will pay close attention to the US NFP benchmark revision report as it will show deviation in cumulative monthly figures for the year ending March 2025. The final 2025 revision will be implemented in the 2026 Employment Situation release. The impact of the above-mentioned figures will be significant on the Federal Reserve’s (Fed) monetary policy outlook as the US central bank delivered a 50-basis-point (bps) interest rate cut in the September 2024 meeting after the report showed a downward revision in payroll figures by 818K. Daily digest market movers: The Fed is expected to cut interest rates next week The US Dollar is underperforming its peers on Tuesday as an interest rate cut by the Federal Reserve (Fed) in the monetary policy meeting next week seems a done deal. According to the CME FedWatch tool, traders see an 11.6% chance that the central bank will cut interest rates by 50 bps to 3.75%-4.00%, while the rest point a standard 25 bps interest rate reduction. Fed…

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Filed under: News - @ September 9, 2025 5:43 pm