Analyst: The rally of GBP against USD is unlikely to sustain

```htmlGolden Ten Data reported on June 4 that the GBP/USD exchange rate has risen following Israel and Lebanon’s agreement to extend the ceasefire, and Trump’s statement that the US and Iran may reach an agreement by this weekend. However, Monex Europe analysts pointed out in a report that these gains may be difficult to sustain. A series of unfavorable factors still exist for the pound, including the ongoing closure of the Strait of Hormuz impacting trade, cooling in the UK labor market, weakening inflation data, and the possibility of Prime Minister Starmer facing leadership challenges. Analysts stated that the Bank of England’s Monetary Policy Committee survey and the US Nonfarm Payrolls report, both to be released on Friday, may reinforce the pound’s negative trend.```