Pound Sterling trades directionless ahead of UK employment data

The Pound Sterling (GBP) struggles to find a direction as investors await for UK Employment data, which will be published on Tuesday. The GBP/USD pair

Pound Sterling juggles around 1.2150 as investors shift focus to the UK employment data. Economists see a decrease in employment in the quarter to August due to a poor demand outlook. The BoE is anticipated to keep interest rates unchanged at its November monetary policy meeting. outlook remains vulnerable as economists expect employment levels to decrease again in the three months to August, in a sign that firms are cutting back on their workforces due to a dismal demand outlook.

00 as investors shift focus to the Q3 Gross Domestic Product data scheduled for Thursday. Meanwhile, neutral guidance on interest rates from Federal Reserve Chair Jerome Powell and his colleagues has restricted upside in the US Dollar. Cleveland Fed Bank President Loretta Mester said on Friday that the policymakers need to be “nimble” amid current economic uncertainties. Technical Analysis: Pound Sterling trades directionless around 1.

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