GBP/USD recovers amid rate cut rumblings in the UK and US
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GBP/USD gets a pick-me-up after last week’s heavy selling
![](https://editorial.fxstreet.com/miscelaneous/GB_Cbi_Distributive_Trades-638469762923392601.png)
GBP/USD rebounds on subdued US Dollar, inches higher to near 1.2600
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EUR/USD holds gains above 1.0800 ahead of US payrolls
![EUR/USD holds gains above 1.0800 ahead of US payrolls](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/money-59004818_XtraSmall.jpg)
EUR/USD is consolidating gains above 1.0800 in the European session on Friday. The pair holds its week-long winning streak amid a broad US Dollar weakness and an upbeat market mood. The further upside hinges on the US Nonfarm Payrolls data release.
GBP/USD stays firm above 1.2750 after a landslide Labour victory
![GBP/USD stays firm above 1.2750 after a landslide Labour victory](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/GBPUSD/british-banknotes-14144912_XtraSmall.jpg)
GBP/USD keeps its range above 1.2750 in early European session on Friday. The Pound Sterling stays unperturbed by the landslide Labour Party victory in the UK general election while the US Dollar awaits the Nonfarm Payrolls data for fresh directives.
Gold continues positive run as investors foresee lower interest rates
![Gold continues positive run as investors foresee lower interest rates](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/stack-of-golden-bars-in-the-bank-vault-60756080_XtraSmall.jpg)
Gold rises on Friday, continuing its run of positive days as investors become increasingly optimistic the Fed will lower interest rates sooner than previously thought, and the US Dollar softens, adding a lift to Gold which is predominantly bought and sold in Dollars.
Bitcoin falls below $56,000 level
![Bitcoin falls below $56,000 level](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/cryptocurrenciesusd_XtraSmall.jpg)
BTC breached the weekly support level of $58,375 on Thursday; as of Friday, it is trading 2.8% lower at $55,314. ETH and XRP have dropped below crucial support thresholds.
Nonfarm Payrolls forecast to grow by 190K in June as Fed ponders rate-cut timing
![Nonfarm Payrolls forecast to grow by 190K in June as Fed ponders rate-cut timing](https://editorial.fxstreet.com/images/Macroeconomics/EconomicIndicator/Employment/NFP/america-back-to-work-gm178972493-25143312_XtraSmall.jpg)
With US Federal Reserve Chairman Jerome Powell’s Sintra appearance out of the way, all eyes now remain on top-tier Nonfarm Payrolls data for June, due on Friday at 12:30 GMT.