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A busy week ahead for the GBP/USD

There is no UK data due out today, but as of tomorrow morning we have a number of releases ands events that could have an impact on the price action this week. That starts with the latest monthly and quarterly jobs report tomorrow at 7am GMT. Then we have a whole raft of UK data at the same time on Wednesday morning, covering GDP, and a whole host of other data. Thursday at 12pm sees the Bank of England (BOE) release their final monetary policy decision of the year and there will be plenty of coverage to come on the outlook for that over the next couple of days. So, on Friday the pound fell under the sword of a further rebound in the dollar, following the release of the US monthly jobs report. The GBP/USD fell to 1.2503, from an earlier session high at 1.2601. It later closed in the US at 1.2549. That was its lowest daily close of the week and defined a run of 4 out of 5 lower daily closes seen last week. Overnight the pound has edged back from an earlier high at 1.2559, to a low at 1.2527. It is currently trading at 1.2539
 

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