- GBP/USD has turned sideways above 1.1900 ahead of US NFP and UK manufacturing data.
- The 10-year US Treasury yields have dropped firmly to near 3.83% amid mixed responses on the US labor market.
- The Cable has met with the horizontal resistance plotted from 1.1915.
The GBP/USD pair is displaying a back-and-forth action in a narrow range of 1.1904-1.1940 continuously from the late New York session. The Cable has turned sideways as investors are awaiting the release of the United States Nonfarm Payrolls (NFP) and the United Kingdom’s manufacturing data for fresh impetus.
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