GBP Loses Ground Amid Market Uncertainty Ahead of NFP Data

The British Pound (GBP) is trading marginally lower against the US Dollar (USD), hovering around 1.3460 at the time of writing.

This comes after a slight dip from Wednesday's highs at 1.3486, with bulls capped below 1.3500 and downside attempts supported above 1.3400.

The Sterling drew support on Wednesday from an upward revision of July’s S&P Global Services PMI figures and another downbeat employment reading in the US, which cast doubts about Friday’s Nonfarm Payrolls report and cooled hopes of Federal Reserve (Fed) rate hikes further.