GBP/USD tests the 100-day Exponential Moving Average at 1.2033.
Traders are focused on growth figures from the UK, Fed Chair Powell’s speech at Congress, and US NFP figures.
GBP/USD Price Analysis: Consolidated, waiting for a fresh catalyst to get direction.
GBP/USD trims some of last Friday’s gains despite an upbeat sentiment led by Wall Street, opening in the green. A light calendar in the United Kingdom (UK) would keep traders focused on the busiest docket in the United States (US). At the time of writing, the GBP/USD is trading at 1.2019.
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