During Asian trading, the British Pound was broadly unchanged against the US Dollar trading above 1.3100 levels.
The pound was stable in the Asian session after its sharp fall yesterday following the statements from Bank of England governor Bailey outlining that the bank will be “more aggressive” in cutting interest rates if inflation news remained good. In the UK, Construction PMI data for September will be revealed (09:30 GMT+1), and is expected to show 53.1. In the United States, Nonfarm Payrolls data (148k expected) and Unemployment Rate (4.2% exp) will be released (13:30 GMT+1).
