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GBP Under Pressure Ahead

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GBP Under Pressure Ahead

Pound Weakens Pre-Data
📰 Detailed News Update
##### Pound Weakens as Labour Data Looms

The Pound Sterling has been under pressure ahead of major UK economic releases, with traders cautious as weak labour and inflation data increased expectations of Bank of England rate cuts.

##### GBP/JPY and Currency Pairs Drift Lower

In early Asian trading, GBP/JPY lost ground as Sterling remained subdued ahead of key UK Retail Sales and PMI data, reflecting broader uncertainty in the currency market.

##### Sterling Struggles Against USD Ahead of Inflation Test

GBP/USD remained below key resistance levels as investors weighed current economic indicators and awaited UK inflation figures that could influence future BoE policy. 

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