The Pound US Dollar (GBP/USD) exchange rate is holding steady at US$1.3280 as investors look ahead to the all-important US non-farm payroll.
Expectations are for 1.4 million jobs to have been created in August, versus 1.76 million in July. Unemployment is expected to decline to 9.8% down from 10.2%. However, the lead indicators across the week, such as the ADP private payrolls report suggest that the numbers might disappoint. Still in these unprecedented times anything can happen.
Brexit and concerns over the UK labour market are keeping the Pound in check. The 8th round of trade talks kick off next week.
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