Dollar slips ahead of payrolls; sterling gains despite weak jobs data

The dollar is slipping ahead of the upcoming payroll data, with expectations of a sluggish jobs report increasing, leading to a weaker sentiment around the currency. Investors are closely watching how the payroll figures will influence the Federal Reserve's interest rate decisions. Conversely, the pound has shown unexpected strength, rising despite weaker-than-expected employment data in the UK, possibly supported by signals from the Bank of England hinting at potential rate hikes. In this context, the movements of both currencies are critical for understanding their impact on the broader market.