The Pound Sterling is hovering around the 1.2800 level against the US Dollar as investors await the US Nonfarm Payrolls report. The GBP/USD pair is struggling to find direction in Friday’s London session.
GBP/USD did not see much movement on Thursday and closed the day without any significant changes. The pair is currently trading just below 1.2800 as investors are holding off on making any big moves until the US jobs report for May is released.
Overall, the Pound Sterling is facing resistance at 1.2800 as traders wait for more information on the health of the US labor market. The market remains cautious and the GBP/USD pair is likely to continue trading in a narrow range until more data is available.