The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

ForexMediumUpdated•Originally published 6 March 2026•Updated 6 March 2026•

1 min read

Euro and Pound Trade Cautiously Against Dollar Ahead of US Jobs Report

Key Facts

1The GBP/USD pair traded near 1.3365 during the Asian session.

3 months ago

Version History

Version 13 months ago

What changed: The story was updated to include EUR/USD trading levels at 1.1600 and shifted the market observation to the European session while maintaining focus on the upcoming NFP report.

The EUR/USD pair is currently trading sideways around the 1.1600 level as the European session gets underway. This consolidation comes as the broader currency market remains in a holding pattern ahead of the crucial US Nonfarm Payrolls (NFP) report for February. The GBP/USD pair also showed relative stability earlier, having traded near 1.3365, as the US Dollar Index experienced a slight softening. Scheduled for release at 13:30 GMT, the employment data is expected to provide critical insights into the health of the US labor market and the Federal Reserve's future interest rate path. Investors are maintaining a cautious stance, as any significant deviation from consensus expectations could trigger sharp volatility across major pairs. Market participants are particularly focused on how these figures might influence the Fed's monetary policy trajectory in the coming months.