Increased volatility due to US private employment miss and UK political turmoil impacting GBP/USD

From Investing.com: 2025-07-03 00:56:00

Wednesday’s trading session saw increased volatility with a major miss in US private employment numbers and turmoil in UK politics impacting market sentiment. Despite the initial drop, US markets rebounded on news of more trade deals, with the S&P 500 hitting new all-time highs. The Nasdaq led the day, up 1.40%, while energy commodities and cryptocurrencies also saw gains. Bitcoin surpassed $110,000 for the first time since June. Major currencies had mixed performance, with the pound falling due to UK political issues, while the Canadian dollar strengthened after a holiday break. Economic data releases later in the day are expected to impact trading.



Read more at Investing.com: GBP/USD Faces More Pressure as UK Political Risks Cloud Outlook