Investing.com - The pound edged lower against the dollar on Monday, as investors remained cautious ahead of the delayed U.S. jobs report for September on Tuesday amid uncertainty over when the Federal Reserve will start to phase out stimulus.
GBP/USD hit 1.6144 during European afternoon trade, the session high; the pair subsequently consolidated at 1.6150, slipping 0.11%.
Cable was likely to find support at 1.6080 and resistance at 1.6259, the high of October 1 and a nine-month high.
The dollar firmed up after falling sharply against the other major currencies last week on concerns over the impact of the 16-day government shutdown on the U.S. economic recovery and whether this may prompt the Fed to delay plans to roll back stimulus measures.
Investors were awaiting U.S. data releases later in the week after the shutdown delayed the release of some key economic reports. The September nonfarm payrolls report, which had been originally scheduled for release on October 4, was due on Tuesday.
In the U.K., a report by property website Rightmove said the average asking price of a home in London jumped by more than fifty thousand pounds in October from the previous month, an increase of more than 10%.
Across England and Wales, house prices rose by a more modest 2.8% Rightmove said.
Elsewhere, sterling was little changed against the euro in quiet trade, with EUR/GBP dipping 0.01% to 0.8462.
The U.S. was to release private sector data on existing home sales later Monday.
GBP/USD hit 1.6144 during European afternoon trade, the session high; the pair subsequently consolidated at 1.6150, slipping 0.11%.
Cable was likely to find support at 1.6080 and resistance at 1.6259, the high of October 1 and a nine-month high.
The dollar firmed up after falling sharply against the other major currencies last week on concerns over the impact of the 16-day government shutdown on the U.S. economic recovery and whether this may prompt the Fed to delay plans to roll back stimulus measures.
Investors were awaiting U.S. data releases later in the week after the shutdown delayed the release of some key economic reports. The September nonfarm payrolls report, which had been originally scheduled for release on October 4, was due on Tuesday.
In the U.K., a report by property website Rightmove said the average asking price of a home in London jumped by more than fifty thousand pounds in October from the previous month, an increase of more than 10%.
Across England and Wales, house prices rose by a more modest 2.8% Rightmove said.
Elsewhere, sterling was little changed against the euro in quiet trade, with EUR/GBP dipping 0.01% to 0.8462.
The U.S. was to release private sector data on existing home sales later Monday.