Pound Sterling Price News and Forecast: GBP/USD recovers ground amid soft USD, upbeat PMI, and tariff reprieve

  • The British Pound (GBP) edges higher against the US Dollar (USD) on Wednesday, paring Tuesday's losses as the Greenback softens slightly ahead of key US labor market data. GBP/USD is seeing modest gains after the US Dollar rallied over 0.50% in the previous day, supported by stronger-than-expected JOLTS Job Openings figures that boosted confidence in the labor market.