US payrolls expected to post modest July gain
The British Pound trades marginally lower against the US Dollar ahead of the US Nonfarm Payrolls data release.
Economists expect a modest improvement in hiring, with a forecast of 65k jobs added.
The ADP Employment Change data reported 44K jobs created in July, fewer than estimates of 70K and the prior release of 98K.
The US NFP data will influence market expectations for the Federal Reserve’s monetary policy outlook.