GBP/USD Weekly Forecast: Pound Sterling struggles for direction as markets await key US/ UK data
The Pound Sterling (GBP) consolidated its recovery from seven-month lows against the US Dollar (USD), as GBP/USD lacked bullish conviction.

The Pound Sterling (GBP) consolidated its recovery from seven-month lows against the US Dollar (USD), as GBP/USD lacked bullish conviction.
Gold is looking to build the recovery momentum above the $4,100 mark amid a cautious start to a new week, filled with key US economic releases, including the critical September Nonfarm Payrolls (NFP) due on Thursday.
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The GBP/USD went into this week near the 1.31725 ratio, which is essentially near values seen at the end of October, this as speculative conditions are likely rise in Forex in the coming days.
WTI Crude Oil went into this weekend via futures prices around 59.595 which is very close to where the commodity finished in the previous week.