On Tuesday, June 3, 2025, GBP/USD traded near 1.3530 as the British pound strengthened, supported by U.S. dollar weakness driven by soft economic data and trade tensions. The outlook for the UK economy remained relatively upbeat. Markets now focus on the upcoming U.S. non-farm payroll report and any signals from the Bank of England. A potential BoE rate cut could pressure the pound, while continued weak U.S. data may weigh on the dollar.
The first critical support for gold is seen at 1.3425 and the first resistance is located at 1.3600.
The first critical support for gold is seen at 1.3425 and the first resistance is located at 1.3600.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.