British Pound holds range as USD strength meets Fed doubts
The British Pound is steady during the North American session amid a risk-off start to the week, supported by overall US Dollar strength even as soft jobs data and reduced hawkish Fed expectations weigh on the greenback.
GBPUSD
The Pound Sterling held its ground on Monday as US Dollar strength countered diminishing expectations for further Federal Reserve tightening. The currency pair traded in a narrow range during the North American session.
Recent US jobs data came in softer than anticipated, prompting traders to trim bets on additional rate hikes from the Fed. This has limited the dollar's advance despite the broader risk-off tone in global markets.
Source: FXStreet Forex News