The pair briefly rose to higher levels but was quickly rejected as sellers returned in force, causing the price to fall again.

This behavior indicates significant resistance above as selling pressure continues to dominate the market, especially with prices trading near recent lows.

On the economic front, the U.S. dollar fell slightly but remained relatively strong, while U.S. data remained the focus of the market, especially on employment and monetary policy.

On the other hand, the UK economy faces growth and inflation challenges, which reduce the chances of sustainable appreciation for the pound.

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