Pound Sterling Price News and Forecast: GBPUSD is displaying a lackluster performance
GBP/USD: Cable prints mild gains near 1.2200 ahead of UK employment data
GBP/USD stays defensive around 1.2210, despite the downbeat week-start, as Cable traders await the key UK jobs report, up for publishing on early Tuesday. It’s worth noting that the multiple negatives surrounding the UK’s employment updates join the British political pessimism to probe the pair buyers even as the US Dollar Index (DXY) weakness underpins the recovery moves.
GBP/USD Price Analysis: Signs of bearish reversal solidifies as risk impulse sours
The GBP/USD pair is displaying a lackluster performance as the auction profile has trimmed to a narrow range of 1.2180-1.2210 in the early Tokyo session. Earlier, the Cable witnessed a steep fall after failing to hit the critical resistance of 1.2300. A sell-off in Cable was triggered due to a sheer recovery move by the US Dollar Index (DXY).