The GBP/USD pair remains flat above the mid-1.2100s during the Asian session on Thursday. In the absence of the top-tier economic data from the UK doc
GBP/USD Price Analysis: Remains flat above 1.2150, eyes on US Jobless Claims ket, the major pair remains at the mercy of the US Dollar price dynamics. GBP/USD currently trades near 1.2160, gaining 0.21% on the day. That said, the rebound of the pair is supported by the weaker US Dollar following the softer US labor market data.
The US Dollar remains well within the striking distance of a nearly 11-month high touched on Tuesday in the wake of the Federal Reserve's hawkish view and turns out to be a key factor acting as a headwind for the GBP/USD pair. The USD did witness some profit-taking on Wednesday following the release of the weaker-than-anticipated ADP report, showing that private-sector employers added only 89K jobs in September.
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