GBP/USD hovers above 1.2150 major level, focus on UK employment, PMI data

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• GBP/USD struggles to extend gains as US Dollar rebounds.
• UK Retail Sales dipped to 0.9% against the expected 0.1% decline.
• Upbeat US Treasury yields provide support to underpin the Greenback.

GBP/USD struggles to continue the winning streak. trading around 1.2160 during the Asian session on Monday. However, the currency pair encountered a hurdle following the release of downbeat United Kingdom (UK) Retail Sales data for September on Friday. The Pound Sterling (GBP) managed to recover its losses against the weaker US Dollar (USD).