Investing.com - The pound rose against the U.S. dollar in quiet trade on Monday, but gains were expected to remain limited as Friday's strong U.S. employment report continued to support the greenback.
GBP/USD hit 1.5111 during European morning trade, the session high; the pair subsequently consolidated at 1.5097, advancing 0.42%.
Cable was likely to find support at 1.5212, the low of March 5 and resistance at 1.5196, the high of February 3.
The dollar strengthened broadly after official data on Friday showed that the U.S. economy added 295,000 jobs in February, far more than the 240,000 forecast by economists. The unemployment rate ticked down to 5.5% from 5.7% in January, the lowest since May 2008.
The strong report fuelled expectations that the Federal Reserve will start raising interest rates around the middle of this year.
Market participants began to redirect their attention to Greece as the euro group of finance ministers was to hold talks in Brussels later in the day to discuss proposed Greek economic reforms.
Last month Athens reached a temporary agreement with its lenders to extend its bailout by four months, but must complete a bailout review before it can access further financial aid.
Sterling was higher against the euro, with EUR/GBP slipping 0.11% to 0.7204.