GBP/USD continues to range trade but the bias looks to be to the downside.
The EU and the UK are continuing to argue over Northern Ireland, potentially weakening the pair modestly.
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๐A combination of factors assisted gold to gain some positive traction on Monday.
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๐Dovish Fed expectations, inflation fears acted as a tailwind for the commodity.
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๐The market focus now shifts to Friday's release of the US monthly jobs data (NFP).
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๐ถ๐ต EUR/USD keeps the tight range around 1.2200.
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๐ถ๐ต ECBโs Lagarde will take center stage later in the session.
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๐ถ๐ต US Core PCE, Bidenโs Budget will be in the limelight later.
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๐ท๐ต GBP/USD is edging lower, challenging both trendline and moving average support.
๐ท๐ต That reflects a firmer US Dollar on continuing talk that the Fed may soon begin talking about a possible tapering of its monetary support.
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