The Pound holds gains versus the Dollar after softer US jobs data, with key inflation and growth figures due later this week.
The British Pound remains near 1.3500 against the US Dollar, trading at 1.3508, as markets digest weaker-than-expected US jobs data. The focus now shifts to upcoming US inflation figures and UK GDP releases on Thursday, which could drive further volatility in the pair.
Prior to the jobs report, GBP/USD had struggled to break above 1.3500, with traders awaiting confirmation on the Federal Reserve’s policy path. The softer labor data has eased concerns over aggressive rate hikes, supporting risk sentiment and the Pound.
Investors will scrutinize Thursday’s US CPI print for signs of cooling inflation, while UK GDP data may offer clues on the Bank of England’s next move. The pair’s reaction to these releases could set the tone for near-term direction.