GBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK and as markets digest scarce economic data as the US government shutdown continues. The pair trades at 1.3148, up 0.10% after hitting a daily low of 1.3094.
Markets eye Canadian jobs data, with a modest October decline expected, while soft Chinese trade figures weigh on commodity currencies and USD/CAD upside, ING's FX analyst Chris Turner notes.
Having been bid for a week, the dollar finally softened yesterday. The catalyst appeared to be some Challenger layoff data and also some alternative data suggesting October's NFP report, which we were meant to see today, should have fallen by 9k, ING's FX analyst Chris Turner notes.