The Pound Sterling tested 1.2800 against the US Dollar but failed to resist at higher levels. GBP/USD buyers hold the reins marching into the US Nonfarm Payrolls week. The Pound Sterling needs acceptance above 1.2800 to sustain the bullish momentum. The Pound Sterling tested 1.2800 against the US Dollar this week, as the GBP/USD pair hit a new two-month high before sellers jumped back into the game.
The core PCE Price Index, which excludes volatile food and energy prices, rose 2.8% on a yearly basis, also meeting analysts' estimates. Eyes on US payrolls as the ‘blackout’ period kicks in Another week, dominated by US economic data, awaits the Pound Sterling markets amid a data-sparse UK docket. US ISM Manufacturing PMI will hog the limelight on Monday ahead of Tuesday’s JOLTS Job Openings survey.
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