The British pound hovers near 1.3500 against the dollar after weaker-than-expected US jobs data weighed on the greenback.
GBP/USD trades at 1.3495, up 0.04% on Monday, as the US dollar remains under pressure following Friday’s disappointing US non-farm payrolls report. The pair struggles to sustain gains above the 1.3500 level, a key psychological barrier for traders.
The dollar’s decline followed softer-than-expected US employment data, which raised concerns about economic momentum. Prior to the report, the pair had traded lower, with the dollar benefiting from safe-haven demand earlier in the week.
Market reaction has been muted, with traders awaiting further cues on US monetary policy and economic performance.