The GBP/USD is finding some bids for Monday, rebounding from the day's early lows just south of the 1.
The GBP/USD is seeing a bounce as the US Dollar eases back ahead of mid-week Fed. UK data continues to miss the mark as BoE looms ahead for Thursday. Traders to keep an eye out with another NFP Friday over the horizon. 2100 handle, and the Pound Sterling has a target set on 1.2200 ahead of the Federal Reserve's Wednesday rate call. The Fed will beat the Bank of England to the punch on central bank action this week, with the BoE slated for the day after.
On the US side, investors are all but hoping and pleading for the Fed to get pushed into a rate cut cycle sooner rather than later, but a firm economy and limited downside sees the Fed set to hold rates higher for longer. GBP/USD Technical Outlook The Pound Sterling is bidding up on Monday climbing over 0.6% from the day's early-week lows below 1.2100, and the pair is set for a re-challenge of 1.2200 as long as GBP bidders can hang onto the near-term uptrend.
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